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Voestalpine cuts profit forecast on energy industry weakness

VIENNA, Feb 11 (Reuters) - Austrian steelmaker Voestalpine warned that current year profits would be lower than last year's due to falling prices for pipeline and power station projects as a result of weak energy demand in Europe.


World crude steel output increases by 3.5% in 2013

World crude steel production reached 1,607 billions tons for the year 2013, up by 3.5% compared to 2012. The growth came mainly from Asia and Middle East while crude steel production in all other regions decreased in 2013 compared to 2012.