Voestalpine forecasts a rise in profits amid new EU protective measures

The greentec steel project is progressing according to plan

Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the backdrop of new EU protective measures on steel imports. This is stated in the company’s report.

Voestalpine forecasts EBITDA for this period of between €1.6 billion and €1.85 billion, compared with €1.49 billion in the 2025/2026 financial year (ending 31 March 2026).

The company expects geopolitical turmoil to continue to have a significant impact on the situation in the 2026/2027 financial year. In addition to the ongoing conflict in the Middle East and its impact on energy prices and inflation, economic and legal conditions between Europe and North America have not yet stabilised. Voestalpine intends to respond consistently to changing conditions.

The company noted an improvement in overall conditions in the steelmaking division due to the CBAM coming into force at the start of 2026 and the expected introduction of new EU protective measures for steel by summer of this year at the latest. However, earnings in this segment will be reduced by delays in energy projects within the heavy plate segment.

As for the greentec steel project, voestalpine has a clear strategy which it is implementing according to plan — electric arc furnaces in Linz and Donawitz will come on stream in the first half of 2027.

Several key milestones in the project’s implementation were reached in the 2025/2026 financial year. Workshops for the electric arc furnaces have been built at both sites, and the structural prerequisites for the supply of electricity and new raw materials have been established. The main equipment will be delivered in autumn 2026.

“We are currently building a new plant at each of the two sites amidst existing production facilities, which poses significant logistical challenges. The project, with an investment volume of around €1.5 billion, is proceeding according to schedule. By the end of the financial year, approximately 60% of the total investment had already been committed,” said Herbert Eibensteiner, CEO of voestalpine AG.

As a reminder, voestalpine recently secured orders in the aerospace sector through its High Performance Metals division, totalling around €1 billion over the next five years.