Austria - Latest news GMK Center

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

In January-February, Austrian steel companies reduced steel output by 11.2% y/y

The unit was installed at the plant in Judenburg. Investments in the implementation of the project amounted to €13 million

The company intends to allocate funds to the construction of two electric arc furnaces at the plants in Linz and Donavitsa by 2027