Voestalpine completes furnace. Voestalpine stock trades 1.44 percent higher

Published on 10/14/2026 at 09:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Donawitz will produce 850,000 tons of reduced-carbon steel from 2027. Voestalpine stock costs EUR 44.51 on October 14, 2026 versus EUR 43.88.

Steel transition moves forward

Voestalpine completed the Donawitz furnace installation on October 12, 2026, with annual capacity of 850,000 tons.
The H2FUTURE expansion announced on October 2, 2026, carries costs of EUR 16.40 million.
Voestalpine stock trades at EUR 44.51 at 9:09 a.m. CEST on October 14, 2026, 1.44 percent above the Xetra close of October 13, 2026.
Market capitalization stood at EUR 7.5 billion as of October 13, 2026.

Voestalpine, AT0000937503, Illustration mit AI erstellt.

Voestalpine (ISIN AT0000937503) was trading at EUR 44.51 at Lang & Schwarz on October 14, 2026, 1.44 percent above the Xetra close of October 13, 2026 at EUR 43.88. On October 12, 2026, voestalpine said installation of the Donawitz electric arc furnace had been largely completed as scheduled.

Donawitz reaches its next milestone

The furnace is scheduled to support partially electrified production in the first half of 2027. Once fully operational, it is designed to produce 850,000 tons of carbon-reduced steel annually, giving the project a measurable production scale rather than only a climate target.

The installation involved nearly 900,000 components with a combined weight of 8,500 tons. Cold commissioning has started, while first melts at the Donawitz and Linz electric arc furnaces are planned for the first half of 2027.

Hydrogen investment adds a second track

On October 2, 2026, voestalpine and VERBUND launched an expanded H2FUTURE hydrogen pilot project in Linz. The expansion costs EUR 16.40 million, and the facility has a connected load of six megawatts.

The project is scheduled to deliver first research results by the end of 2026, while the fifth hydrogen storage tank is intended to supply the HY4SMELT demonstration plant from the end of 2027. This places steel decarbonization on two linked timelines: electric arc furnace commissioning in 2027 and broader hydrogen development through 2030.

What does the valuation debate show?

Analyst expectations remain divided. According to Yahoo Finance on October 10, 2026, UBS raised its rating to Buy on October 9 and lifted its price target from EUR 49.00 to EUR 64.00. The same report cited Deutsche Bank at EUR 63.00 versus EUR 60.00 and Citi at EUR 48.00 versus EUR 50.00.

The target spread matters because the stock's current market capitalization was EUR 7.5 billion as of October 13, 2026, while its 52-week range was EUR 29.68 to EUR 49.22. The current price therefore remains EUR 4.71 below the yearly high, a 9.57 percent gap calculated from the same euro range.

Upcoming reporting date

Voestalpine's next reporting date is November 11, 2026, according to the dated earnings calendar information published for the company. The event will give investors a fresh test of whether the 2025/26 operating result of EUR 1.5 billion and revenue of EUR 15.1 billion can support the investment program.

Stock trades above the Xetra close

At Lang & Schwarz, Voestalpine stock was trading at EUR 44.51 at 9:09 a.m. CEST on October 14, 2026, 1.44 percent above the Xetra close of October 13, 2026 at EUR 43.88. The primary listing is on the Vienna Stock Exchange in EUR, with ticker VOE.VI.

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