Austria increased crude steel production in October
According to worldsteel, Austria increased steel production in October compared to the previous month.
The production volume amounted to 704,581 tons, which is 11.2% more than in the previous month and 45.7% more than in the same period last year, Kallanish notes.
In the first ten months of this year, the country produced 6.22 million tons of steel, compared with 6 million tons in the same period last year.
According to the data, Austria remained in 22nd place in the ranking of the world's largest steel producers in October.
The total volume of production in the EU in October decreased by 3.5% compared to the same period last year and amounted to 10.79 million tons. The production volume in January-October amounted to 105.7 million tons compared to 109.4 million tons in the same period last year.
Austrian steel producer voestalpine is currently cutting production in Austria and Germany, including layoffs, as it does not expect the economic situation to improve in the coming months (see Kallanish passim).
In the first financial half of the group's year - from April to September 2025 – revenue decreased by 5.6% year-on-year to 7.6 billion euros ($8.8 billion). Consolidated profit before taxes increased by 12% to 278 million euros, while profit after taxes increased by 8.6% to 199 million euros.
Earlier, the Austrian steel producer expressed optimism about economic incentives in the form of an infrastructure spending program announced by the German government.
The steel mill will supply steel to Chinese electric vehicle manufacturer BYD for its new automotive plant in Hungary. The Chinese company noted that BYD was chosen because of its geographical proximity to the plant in Hungary, as well as the high quality and impeccable reputation of Austrian steel.
Svyatoslav Abrosimov Bulgaria
.Kallanish.com