08/21/2020 | Press release | Distributed by Public on 08/21/2020 09:09
The Steel Division of the voestalpine Group produces high-quality steel products in Linz for all premium automotive manufacturers and their suppliers, as well as for the European white goods, mechanical engineering, and energy industries. Together with the two other blast furnaces at the site, the restart of the small blast furnace brings steel production back up to almost normal levels, after capacity was throttled back following Covid-19.
The economic growth and extent of the recovery varies within the voestalpine Group according to region and market segment. The railway systems and high bay warehousing technology sectors are performing well, while in contrast the aerospace and oil & natural gas industries have been particularly hard hit by the impact of the pandemic. voestalpine Tubulars, a company specialized in the production of seamless tubes for the oil & natural gas industry, has also been facing a competitive disadvantage in its most important market, the USA, since 2018, due to the protectionist tariffs on steel products (Section 232).