China Steel Industry Network Information Center Editor: Xin Sun Austrian steel company voestalpine (Voestalpine) in a recently released its first quarter of this fiscal year (4-6 months in 2010) and profitability and is expected to be much better than the last full year profit of 352 million euros in fiscal year.

Olympic Steel Union, said in most parts of the world economy vary the situation was turned around the company's five business demand and capacity utilization are gradually moving closer to the financial crisis levels. VAI predicts that from July to December 2010, the company steel and the two railway systems business unit of capacity utilization are expected to reach 100%, Steel, Profilform (cold forming) and automotive steel segment's capacity utilization rate may reach 90%.

4-6 months in 2010, VAI crude steel companies produced 1.96 million tons, up by 54.3%. Including the Böhler-Uddeholm Steel Company, including the production sector in the three months to 21 tons, 90,000 tons last year, more than double. The company's overall sales revenue increased 22.1% year on year to 2.56 billion euros; profit of 203 million euros, a year earlier loss of 26.3 million euros.

VAI said the recent iron ore and coal costs increased sharply be delayed for some time before transfer to downstream users, but the company will complete most of the 7-9 month price adjustment. VAI forecast, raw material prices in the second half of 2010 may decline.