Austria's Voestalpine Beats Second-Quarter 2014 Expectations, Signs for New Mill in China

ISTANBUL--December 1, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Austrian steelmaker Voestalpine AG (VIE:VOE) (Linz, Austria) reported a second-quarter profit of 195.1 million euros ($244.2 million), which beats market expectations of 115 million euros ($143.93 million). Despite a drop in sales, the company's financial performance during the quarter was helped by a one-off portfolio optimization gain

Within this article: Voestalpine AG's second-quarter financial results and details of the Yinchuan steel forging project by Voestalpine and Kocel Group.