Austria reduced steel production by 14.3% m/m in June

In June 2025, Austrian steel companies decreased steel production by 14.3% compared to the previous month, to 591 thousand tons. Compared to June 2024, the figure fell by 6.6%. Thus, the country ranks 22nd in the WorldSteel global ranking of steel producers.

During January-June, steel production by Austrian steelmakers decreased by 4.9% compared to the same period in 2024, to 3.66 million tons. At the same time, the rate of decline is slowing down, as it was 7.1% y/y at the end of the first quarter.

The country’s key steel producer, voestalpine AG, highlights problems with product cost and competitiveness. In particular, the company recently appealed to the authorities to renew the mechanism for compensating energy-intensive enterprises for the cost of electricity.

Voestalpine CEO Herbert Eibenschneider warned that high electricity costs are forcing European customers to look for cheaper suppliers, and voestalpine is losing customers.

Overall, EU steel companies reduced steel production by 8.2% y/y in June 2025 to 10.4 million tons, and by 3.3% y/y in January-June to 65.4 million tons.

As GMK Center reported earlier, Austria produced 7.1 million tons of steel in 2024, which is in line with the 2023 level. The country ranked 23rd in the global ranking of steel-producing countries, while in 2022 it ranked 22nd.

Austria is home to two Voestalpine steel plants, namely Voestalpine Stahl Linz with a capacity of 6 million tons of steel per year, and Voestalpine Stahl Donawitz with a capacity of 1.57 million tons per year.