It is reported that Voestalpine may delay China special steel plant. Austrian high-end steel maker Voestalpine may postpone its plan to construct specialized steel plant in China this year. This is refering to a premium steel and specialised steel product plant in Yinchuan with local partner Kocel Machinery with around 140 million euros (US$161 million).

Besides, European car makers such as Volkswagen and BMW have seen their business slow in China as demand decreased. China's attractiveness in the long term is still remain strong. Voestalpine wants to expand in Asia and generated around 783 million euros of revenue. Voestalpine plans to triple annual revenue there to around 2 billion euros by the end of 2020.