In the year 2010/11, the company is aiming to double operating profit to 700 million euros. The transactions with the car industry, mechanical engineers and the consumer goods industry were already in the first half, well. By the end of September increased the Voestalpine sales by a quarter to 5.2 billion euros. 414 million euro operating profit has been made and the bottom line is a profit of 250 million €.

“From today’s perspective, the doubling of EBIT well protected,” Eder said Thursday in a press conference. Voestalpine is among analysts, however, known to give very conservative predictions. According to recent Reuters data, the experts expect, on average, EBIT of 865 million euros. BHF-Bank has raised in response to the figures, the target price by three to 35 €. On the stock market, the stock remained normal. The paper was two cents higher at 29.57 euros.

Voestalpine’s CEO Wolfgang Eder painted a positive picture for the coming months. “Once the crisis is not definitively shelved. But we expect a favorable development in Asia, South America and West Europe,” said Eder. The next year, Eastern Europe would again take passage and grow. Only for the USA, he completed a relapse into recession is not enough.

Even in the half year Voestalpine benefited mainly from the strong demand of the German automotive and mechanical engineers. Even the consumer products industry and energy sector saw growth again, “said Eder. “It will also be the driving forces of the future,” he added. To the weak expected Voestalpine steel demand from the construction industry. By austerity in many countries, public works contracts were canceled. Voestalpine but it was only marginally affected.

The Group is specialized in the most diversified companies. Only a third of the business makes Voestalpine with conventional steel. The rest is already made with processed products. The Linz is a major rail and switch manufacturers in the world. Around ten percent can be achieved in the automotive segment. The division delivered body parts to the automaker.

With an EBIT margin of eight percent Voestalpine was also one of the most profitable companies in the industry, “said Eder. He will retain this status. 600 million euros of costs a year, will be saved until 2012/13. Already this year, it will have reached half of it.

Even with the German steel manufacturers, business is fine again. When the industry leader ThyssenKrupp blast furnaces at full capacity. Germany’s second largest steelmaker Salzgitter last wrote for the first time after restarting the black.

In the current year, the industry association expects a crude steel production by nearly 44 million tons, up by around 35 percent over the crisis in 2009 and almost a million tons more than was expected only mid-year. The capacity utilization is so again in 2010 at 83 percent, up from just 62 percent last year. Capacity utilization in the steel industry is therefore “almost back to long-term average,” said Kerkhoff. The number of employees has stagnated in the steel industry in 2010 of 92,000. During the crisis the industry had cut about 3,000 jobs.

Overall, the steel pan to the economic crisis, increasing again in the normal mode “, the President said the steel industry association. The temporary slump in orders in the third quarter had been overcome. In September, orders were again increased by eleven percent. “In the coming months, we expect an upturn in orders,” he added. For the industry in the coming year will again catch up with the long-term growth trend.

The industry association is significantly more optimistic than the economic analysts of the Rhine-Westphalian Institute for Economic Research (RWI). It was published three weeks ago in his report, a steel end of the upturn predicted in the steel industry and forecasts for 2011, even a slight drop in production.

The optimism of the industry based Kerkhoff According to several reasons. Thus, the overall economic recovery in Germany jumped by more than exports to the domestic economy. Thus broadening the basis for a sustained recovery in steel demand. Moreover, it claimed that the inventory levels at distributors and processors still well below their long-term average, so will the ongoing economic recovery is quickly reflected in a rising demand for steel.

With the closure of the company’s response to the recent decline in orders. In the third quarter slowed the steel maker has its production by 78 percent to 71 percent. The surplus fell from July to September compared to the previous quarter to just over 20 percent to 1.35 billion dollars. Sales fell slightly to 21 billion dollars (minus 2.8 percent).

In the fourth quarter, the order situation has worsened the industry, as customers want to avoid high inventory levels at year end. The resulting steel overhang in the market drives down prices. Industry experts expect the demand will be subdued in the first quarter of next year

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