Voestalpine completes furnace: Voestalpine stock sits 9.57 percent below its 52-week high

Published on 10/13/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Voestalpine stock costs EUR 44.51 on October 13, 2026, 9.57 percent below its EUR 49.22 high. The Xetra close was EUR 44.38 on October 12, 2026.

Voestalpine completed installation of the Donawitz electric arc furnace on October 12, 2026.
The furnace is designed to produce 850,000 tons of CO2-reduced steel annually once fully operational.
Voestalpine stock was EUR 44.51 at Lang & Schwarz on October 13, 2026, 9.57 percent below its EUR 49.22 52-week high.
UBS upgraded Voestalpine to Buy and raised its target from EUR 49 to EUR 64 on October 9, 2026.

Voestalpine, AT0000937503, Illustration mit AI erstellt.

Voestalpine (AT0000937503) was trading at EUR 44.51 at Lang & Schwarz on October 13, 2026, at 9:31 a.m. CEST, 9.57 percent below its 52-week high of EUR 49.22. On October 12, 2026, voestalpine confirmed that installation of the new electric arc furnace at Donawitz had been largely completed.

Donawitz reaches its next milestone

The furnace is scheduled to begin production in the first half of 2027 and is designed to produce 850,000 tons of CO2-reduced steel annually once fully operational. Cold commissioning has begun, while the major construction and installation work is scheduled for completion in 2026.

The project also has a defined expansion path. Voestalpine plans an investment of EUR 100.00 million by 2030, subject to outstanding funding issues, to expand power supply, secondary metallurgy and scrap logistics.

Three events reshape the investment case

On September 22, 2026, EQS News reported that Voestalpine targets Railway Systems revenue of EUR 3.00 billion by fiscal 2030/31, up from EUR 2.20 billion. The same release cited a EUR 470.00 million Rail Baltica order as evidence of demand in the division.

On October 9, 2026, Markets Insider reported that UBS upgraded the shares from Neutral to Buy and raised its price target from EUR 49.00 to EUR 64.00. The new target is 43.78 percent above the Lang & Schwarz price, but Investing.com also reported that UBS expects Voestalpine's third-quarter earnings to remain below consensus because of weak summer demand, delayed lower prices and higher energy costs.

What does the furnace mean for earnings?

The immediate financial base is substantial. In fiscal year 2025/26, Voestalpine generated EUR 15.10 billion in revenue and EUR 1.50 billion in EBITDA, while the Metal Engineering division generated EUR 4.10 billion in revenue and EUR 375.00 million in EBITDA, according to the October 12 company release.

The timing matters because the furnace is an execution milestone rather than an immediate earnings contribution. The next scheduled reporting date is November 11, 2026, when Voestalpine is due to publish third-quarter results, while first melts in Donawitz and Linz are planned for the first half of 2027.

Stock remains below its yearly high

At EUR 44.51, the stock stood EUR 0.13, or plus 0.29 percent, above the Xetra close of October 12, 2026, at EUR 44.38. The current market capitalization was EUR 7.60 billion on October 13, 2026, and the 52-week range was EUR 29.68 to EUR 49.22.

The further course of trading is shown by the continuously updated real-time quote of Voestalpine stock.