As a global manufacturer of high-quality steel products, the Steel Division of the voestalpine Group assumes a driving role in shaping a clean and livable future. While using conventional steelmaking technologies, the division repeatedly sets environmental benchmarks while developing a hydrogen-based production route with substantially lower carbon emissions. Renowned automotive manufacturers and component suppliers rely on the highest-quality steel strip manufactured in the division as well as on the customer support that it provides on a global basis. The Steel Division is one of the most prominent partners to the European household-appliance and machinery industries. The division manufactures heavy plates for applications subjected to highly adverse conditions in the energy industry, providing tailor-made solutions to customers in the sectors of oil, gas and renewable energies. The most sophisticated direct reduction plant in the world is operated by the Steel Division in Corpus Christi, Texas. The plant manufactures ultra-high-grade hot-briquetted iron for in-house and external steelmaking. In the 2018/19 financial year, the division generated revenue of 4.9 billion euros and an operating result (EBITDA) of 653 million euros. The division employs roughly 10,400 staff members worldwide.
The division achieved the following results in the business year 2019/20:
The Steel Division produces advanced hot and cold rolled steel, as well as electrogalvanized, hot-dip galvanized and organically coated steel strip. Its other activities include electrical steel, heavy plate, a foundry, and downstream sectors–the Steel & Service Center and Logistik Service which are managed as independent companies. In Corpus Christi, Texas, USA, the division operates the world's most advanced direct reduction plant which produces high-quality prematerials (HBI) used in steel production both by voestalpine and external customers. The main divisional company and its largest operative enterprise is voestalpine Stahl GmbH in Linz.
The division is the first port of call for major automobile manufacturers and suppliers requiring strategic product development, and supports its customers around the world. It is also a key partner to the European white goods and mechanical engineering industries. voestalpine produces heavy plate used in the oil and gas industries as well as the renewables sector, for applications in extreme conditions such as deep-sea pipelines or in permafrost regions.
Key figures of the Steel Division
(in millions of euros; as of business year 2019/20)
|EBIT margin||-2.2 %|