Austria

Construction of the unit with a capacity of 1.6 million tons of steel per year is planned to begin in 2024

Saw wire production has been unprofitable for several years, despite restructuring efforts and capacity investments

In January-August, the country's steelmakers reduced steel production by 6.7% y/y

The commissioning of the electric arc furnace is planned for 2027

For almost 20 years, the metallurgical plant in Linz was one of the main clients of the UDP, but in 2014 cooperation ceased

According to the results of January-July, the country's metallurgists reduced steel production by 3.4% y/y

In June, Austrian steel companies increased steel output by 2.7% y/y, but decreased it by 1.8% m/m

The construction of the new production line is planned to begin in 2024, and its launch is planned for 2025

In May, Austrian steel companies reduced steel production by 1% y/y, but increased it by 1.4% m/m

An application for receiving funds will be submitted in June, a decision is expected in the fall

In January-April, Austrian steel companies reduced steel output by 6.3% y/y

In the first quarter, Austrian steel companies reduced steel output by 8.1% y/y