Voestalpine completes furnace: UBS raises target for Voestalpine stock to EUR 64.00

Published on 10/16/2026 at 09:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Donawitz will produce 850,000 tons annually from 2027. Voestalpine stock costs EUR 44.58 on October 16, 2026, versus the EUR 44.50 Xetra close.

Steel conversion reaches commissioning stage

On October 12, 2026, Donawitz reached installation completion for an 850,000-ton annual steel facility.
UBS lifted its Voestalpine target from EUR 49.00 to EUR 64.00 on October 9, 2026.
Voestalpine stock trades at EUR 44.58 at 9:17 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.18 percent above the Xetra close of October 15, 2026.
The next earnings release is scheduled for November 10, 2026.

Voestalpine, AT0000937503, Illustration mit AI erstellt.

Voestalpine stock trades at EUR 44.58 at Lang & Schwarz on October 16, 2026 at 9:17 a.m. CEST, up EUR 0.08 or 0.18 percent versus the Xetra close of October 15, 2026 at EUR 44.50. The company completed installation of its electric arc furnace in Donawitz on October 12, while UBS had lifted its price target from EUR 49.00 to EUR 64.00 on October 9, 2026, according to Markets Insider.

Donawitz moves into commissioning

The furnace is designed to support electrified steelmaking at Donawitz, with production scheduled to begin in the first half of 2027. Once fully operational, it is planned to produce 850,000 tons of reduced-carbon steel annually, according to voestalpine. Cold commissioning has started, testing electrical, hydraulic, cooling and automation systems before production begins.

What does the target mean?

UBS upgraded Voestalpine from Neutral to Buy and raised its target to EUR 64.00 from EUR 49.00 on October 9, 2026. The new target is 43.69 percent above the EUR 44.58 Lang & Schwarz price, calculated in the same currency. The bank cited higher steel prices and tighter supply, as reported by Markets Insider.

Three recent milestones

On September 21, 2026, the Linz furnace reached a delivery milestone as part of the same greentec steel program, with group revenue of EUR 15.1 billion and EBITDA of EUR 1.5 billion in fiscal year 2025/26, according to voestalpine. On October 2, 2026, the group launched an expanded hydrogen pilot plant in Linz, after which the October 12 Donawitz installation update became the latest milestone.

Next dates for the company

The next earnings release is scheduled for November 10, 2026, according to MarketScreener. The next production milestone is scheduled for the first half of 2027, when the new electric arc furnaces in Donawitz and Linz are due to begin their first melts.

Stock stays below its yearly high

Voestalpine's EUR 7.7 billion market capitalization and EUR 29.68 to EUR 49.22 52-week range give the furnace project a market context. The EUR 44.58 reference price is 9.43 percent below the 52-week high of EUR 49.22. The stock was trading at EUR 44.58 at Lang & Schwarz on October 16, 2026 at 9:17 a.m. CEST, 0.18 percent above the Xetra close of October 15, 2026 at EUR 44.50. The further course of trading is shown by the continuously updated real-time quote of Voestalpine stock.