Stable Automotive and Strong Energy Sector Demand
Automotive production remains stable and slightly higher than the previous year. There is strong demand from the energy sector, particularly in heavy plates, and a very stable demand in the railway infrastructure business.
Resilient North American Market
Voestalpine's North American operations show satisfactory demand across most sites, indicating resilience in the economy.
Positive Free Cash Flow Trend
After a negative free cash flow in the first quarter, the company achieved a positive free cash flow of almost EUR 70 million in the third quarter.
Decarbonization and Green Steel Initiatives
The company is progressing with its decarbonization strategy, including replacing blast furnaces with electric arc furnaces, aiming to reduce CO2 emissions by 30% by 2030.