Austria "Standard" reported that the Austrian steel industry giants - voestalpine Group plans to  build 15 new plants in China till 2020, the total investment will reach 450 million euros, an average of 30 million euros per plant,which including building one special section steel mill nearby

Shanghai,building an automotive used steel mill in Qinhuangdao and one railway used steel mill cooperated with Iron mountain bridge Group.Voestalpine Group Chairman WolfgangEder said VAI sales in Asia would reach to 2 billion euros from the current 70 million euros till 2020. But VAI investment in China will not compete with native Austrian steel production.

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