Steelmaker Voestalpine said on Wednesday the final cost of its direct reduction plant in the United States amounted to US$1.012 billion (929 million euros), more than the US$990 million estimated at the beginning of the year.
European shares steadied on Thursday, with investors avoiding taking large positions ahead of the European Central Bank's (ECB) policy meeting later in the day, while Voestalpine was boosted by well-received results.
Austrian company VOESTALPINE AG (OTC: VLPNF) reported a gain in its earnings for fiscal year 2015.
Voestalpine's profit before tax climbed to 740.9 million euros for the year, versus a year-ago profit of 640.8 million euros.
Its profit jumped...
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