Steel News

voestalpine Responds to German Cartel Office's Rail Cartel Announcement

24 July 2013 - The result of investigations related to deliveries of rail tracks and rail equipment to Deutsche Bahn – which impacted several companies – is that voestalpine was fined € 6.4 million for these deliveries. For voestalpine, this means that the German Cartel Office proceedings in the cartel case are fully and finally settled.

voestalpine Signs Contract with Siemens and Midrex for Direct Reduction Plant

08 July 2013 - The voestalpine Group has announced the signing of a contract with Siemens Industry Inc. and consortium partner Midrex Technologies, Inc. to build a new MIDREX® direct reduction (DR) plant for its previously announced DR project in North America.

voestalpine Gets Boost in Earnings Despite Slight Drop in Revenue

06 June 2013 - As it reported its earnings results for the 2012/2013 business year, the voestalpine Group also provided a somber outlook for its current business year due to the recessive trend in Europe, a bumpy recovery in the U.S., and continuing economic uncertainties in China.

voestalpine Comments on Furthering Its Expansion in North America

05 June 2013 - Steel-based technology and industrial goods group voestalpine says that with its sustainable expansion strategy, no less than € 2.5 billion should be available for its North American activities.

voestalpine Extends Welding Technologies Portfolio with Acquisition in Italy

04 June 2013 - The voestalpine Group is driving its growth strategy forward with another acquisition, purchasing the Italian company Trafilerie di Cittadella S.p.a/FILEUR, based in Cittadella.

voestalpine Sees Significant Interest in Its Texas HBI

29 May 2013 - The first customer of voestalpine's new HBI facility being built in Texas has signed a memorandum of understanding (MoU) to purchase HBI.

Austria's Voestalpine on track to hit earnings forecast

17 May 2013 - Austrian steelmaker Voestalpine is on track to hit earnings before interest and tax (EBIT) of about 800 million euros ($1.03 billion) for 2012/13, up from 704 million last year, Chief Executive Wolfgang Eder said.

Voestalpine Focuses on Internationalization in its Special Steel Segment

18 March 2013 - Vvoestalpine's global Special Steel segment continues to expand and has acquired a majority stake in the Düsseldorf-based Eifeler Group.

Voestalpine Constructing Direct Reduction Plant in Texas

13 March 2013 - The decision on the location of the voestalpine Group’s direct reduction plant in North America has been made. The plant will be constructed on the La Quinta Trade Gateway in San Patricio County, just outside the city of Corpus Christi, Texas, USA.

German Federal Cartel Investigating voestalpine Deutschland

01 March 2013 - The offices of voestalpine's German subsidiary voestalpine Deutschland GmbH in Munich were searched on 28 February 2013 by the Federal Cartel Office due to alleged violation of antitrust law regarding steel deliveries to the German automotive industry. voestalpine says it supports the investigation by the authority.

Voestalpine Rotec to Invest US$1.4 Million in New Line

13 February 2013 - Lafayette, Ind., manufacturer Voestalpine Rotec, which makes precision steel tubes and other products for the automobile industry, is investing in a new product line, a local newspaper reports.

Voestalpine Reports High Degree of Stability Despite Challenging Times

07 February 2013 - The voestalpine Group reported its fiscal third quarter results, noting that it expects similar results in the current quarter as seasonal factors and a challenging economic environment continue.

voestalpine Group Outlines Group Strategy Through 2020

20 December 2012 - The exchange-listed voestalpine Group has set ambitious goals up to the year 2020: With a clear focus on the customer segments Mobility and Energy and on non-European growth markets, and with profitability remaining at virtually at the same level compared to the last few years, sales are projected to soar from the most recent € 12.1 billion to approximately € 20 billion.

Report: voestalpine Mulls $1 Billion U.S. Plant

17 December 2012 - Austria's group Voestalpine is considering a plan to build a US$1 billion plant in the U.S. that would convert iron ore into concentrate used in steelmaking, Reuters reported Trend magazine as saying.

Voestalpine Stahl Places Order for New Charging Car with SCHALKE

07 December 2012 - In October 2012 voestalpine Stahl AG in Austria placed an order for designing and manufacturing a new charging car with Schalker Eisenhütte.

voestalpine Celebrates 60 Years of the LD Process

30 November 2012 - The voestalpine Stahlwelt in Linz, Austria, is currently hosting a special exhibition on 60 years of the LD process, showing how this innovation has changed the world. The LD process was one of the century’s most significant industrial inventions, revolutionizing the global steel industry at a stroke.

Voestalpine Breaks Ground on New U.S. Plant

19 November 2012 - On 14 November 2012, the voestalpine Group held a groundbreaking ceremony for its Metal Forming Division’s new plant in Cartersville, Ga.

voestalpine Reduces Profit Projection by €100 Million

07 November 2012 - Austrian steelmaker voestalpine cut its profit projection for the year by €100 million due to "ever growing economic uncertainty" and worsening conditions over the past several months.

Voestalpine Calls for EU Plan to Shrink Steel Industry

10 September 2012 - Austrian steelmaker Voestalpine’s chief executive called on Friday, 7 September for European politicians to help come up with a plan to cut capacity in Europe’s ailing steel industry in a controlled way, to avoid having to prop up the sector with government bailouts, according to Reuters.

voestalpine Takes the Next Step in Its Expansion Strategy in the U.S.

23 August 2012 - In the next several years, voestalpine will be investing more than €100 million in new plants in China, the U.S., South Africa, Romania, and Germany as part of a comprehensive globalization strategy in the automotive sector. Now the first concrete step is being taken overseas. A production facility is being erected in the U.S., with a construction budget of €50 million.