voestalpine AG

voestalpine, based in Linz, is a steel and technology group that has moved well beyond commodity steel into high-value products such as railway track systems, tool steel, automotive components and aerospace parts. That focus on specialised, engineered steel gives it better margins and more stable demand than a basic steelmaker. voestalpine has paid a dividend for many years, cutting it in downturns and raising it in good times in line with a cyclical business. A moderate, variable yield from a high-end steel and technology group defines its profile, tied to the industrial cycle.