Steelmaker Voestalpine upbeat on global economic upswing

Austrian speciality steelmaker Voestalpine expects sales and earnings to rise further in the first half of next year, supported by a global economic upswing, its chief executive said on Wednesday. After reporting an expected 27 percent increase in second-quarter earnings before interest and taxes (EBIT) to 255.4 million euros ($296.2 million), the group also confirmed it expects a "significant" rise in 2017/18 earnings.