(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release
Posted in Austria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Management, Metals and Minerals, News, Technology
Tagged Austria, climate protection, competitiveness, CO₂ penalty taxes, electric arc furnaces, electricity price compensation, energy costs, EU, greentec steel, industry, investment, partnership, subsidies, sustainabulity, voestalpine
(IN BRIEF) voestalpine, a steel and technology company, reported its financial performance for the first half of the 2023/24 fiscal year. The company faced economic challenges with declining revenue and earnings due to a changing economic landscape. While some sectors … Read the full press release
(IN BRIEF) Austrian steel company, voestalpine, is set to invest around 1.5 billion euros to construct one electric arc furnace at each of its two sites in Linz and Donawitz. The furnaces are part of the company’s “greentec steel” plan … Read the full press release
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