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Commodity News

Commodities Buzz: Voestalpine Group to Start new steel wire capacity

3 October 2017 (01:01PM)

Commodities Buzz: Voestalpine Group to Start new steel wire capacity

Voestalpine Group announced to build a new steel wire plant in Donawitz, Austria. And it is expected to increase 50% of the production capacity.

The new steel plant current produces 550,000 tons of quality wire each year for the automotive, energy, construction and machinery industries. The new plant has invested approximately US$166 million, and it is expected the annual wire production capacity reached to 1.1 million tons.

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