Voestalpine revenues up 31% in July-September on solid demand in all markets

A summary of the financial results for Austrian steelmaking group Voestalpine for July-September 2021, the second quarter of the company’s business year.

In brief
A favorable economic environment in all key markets, together with Voestalpine’s efforts to reduce costs and focus on efficiency, led to strong revenue in the quarter, with a particularly good performance by the company’s Steel Division.
The automotive sector continued to face the problems of the global semiconductor shortage, with its performance subdued, but Voestalpine’s North American and Asian facilities were less affected than those in Europe.

Voestalpine started construction of a new €188 million ($217 million) pickling line at its plant in Linz,...

Published

Elina Virchenko

November 11, 2021

13:57 GMT

Dubai