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Voestalpine Reduces Steel Producton as COVID-19 Spreads

Steel News - Published on Wed, 25 Mar 2020

Image Source: Voestalpine Coronavirus COVID-19 Lockdown
Austrian steel maker voestalpine said that the company started taking measures appropriate to the situation immediately following the emergence of the coronavirus in China, drawing up recommended courses of action for its employees, suppliers, and partners. It said “These are reassessed and adjusted on an ongoing basis. Furthermore, a broad range of communication measures ensure that the global workforce is supplied with comprehensive information which is updated daily. All measures are closely coordinated with the public authorities, and comply with the current regulations. Over the past few days, rigorous measures have been implemented in most countries, especially in Austria, location of voestalpine AG headquarters, to contain the spread of the disease as quickly as possible. voestalpine wholeheartedly supports these statutory measures. Many voestalpine employees are already working from home where operational circumstances permit. The option of working from home will be extended further over the coming days, to cover all the group companies.”

It added “As a manufacturing company, voestalpine also has many facilities which cannot operate unless staff are physically present. We are currently examining which production areas can continue to operate in compliance with all the legal regulations, and which will need to significantly reduce operations or even be completely shut down. Employees in production, plant maintenance, and other operationally-critical areas will continue working on site until further notice. Here the highest priority will be given to safety measures designed to protect health and maintain hygiene.”

The abrupt slump in customer demand is forcing the company to reduce production in specific areas. This includes reducing pig iron capacity at the site in Linz by around 20%, by temporarily shutting down a small blast furnace.

Source :

Posted By : Yogender Pancholi on Wed, 25 Mar 2020
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