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voestalpine CEO Wolfgang Eder reelected as worldsteel chairman

October 14, 2015

First Austrian to hold the position, first Worldsteel chair to be reinstated

Wolfgang Eder, Chairman of the Management Board of voestalpine AG, will remain Chairman of the World Steel Association (worldsteel) for another year until October, 2016. This was announced on October 12, 2015 in Chicago during the annual conference of the second largest industry association worldwide, which has around 170 association members – including nine of the ten largest international steel companies – and represents 85% of global steel production.  

The election marks two firsts:  This is the first time that an incumbent chairman of the worldsteel has been reelected, and Mr. Eder is the first Austrian to serve as the organization’s chair.  The fit and timing are positive. “In the last 15 years, voestalpine has developed from being a ‘classic’ steel company to one of the global technology and innovation leaders in the processing of high-quality steel as well as other materials. Being oriented toward quality products instead of mass production is increasingly important for the industry, especially in the more mature economies,” says Eder, who has overseen voestapine’s efforts to become competitive in many applications and build profitable niches against a wide array of alternative materials.

Mr.Eder and voestalpine have much needed insight for worldsteel in facing the following challenges in the international steel market place: global climate protection efforts, the long-term image transformation of the industry, and the assessment of the life cycle of steel as a convincing, positive criterion that separates it from all other materials.