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The budget for the first phase of the project is around €1.5 billion

The initiative will complement another programme approved at the end of last year

Investment in the project amounted to approximately €40 million

Modernization of the cooling line will enable production of new steel grades for the automotive industry

The company is expanding its international projects and optimizing its business portfolio despite the challenging market conditions

The agreement is planned to be completed by the end of the 2025/26 financial year, and the company's staff will be retained

In December, the industry's production indicators grew by 10.9% y/y

Over 11 months, the industry's production indicators grew by 5.5% y/y

During January-October, the industry's production indicators grew by 5.3% year-on-year

The company is considering adjusting capacity in Kindberg and Mürtzschlag due to pressure from US tariffs and weak demand

During January-September, the industry's production indicators grew by 2.4% year-on-year

During January-August, the industry's production figures fell by 0.8% year-on-year