Austrian Steelmaker May Take Third Of Its Requirement from Local Mine
Austrian steelmaker Voestalpine AG, may increase the amount of iron ore it buys from the country’s Erzberg mine to 33 per cent in a move to try and cut its dependence on foreign imports in the face of rising raw material prices.
Speaking to Bloomberg Voestalpine CEO Wolfgang Eder said that his company is considering increasing its supply from Erzberg from the current 25 per cent to 33 per cent.
Voestalpine currently buys iron ore from Vale SA of Brazil as well as from Ukraine and South Africa.
Mr Eder also said that Voestalpine will pass on its increased costs in one or two steps.
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