After increasing revenue and profits in its first half, Austrian steel maker Voestalpine is predicting thesecond will be more difficult.In recent months, global weakness in the oil and natural gas sector has become increasingly evident,while European spot steel prices deteriorated dramatically due to long-standing weakness in theconstruction sector and the massive increase in imports of steel, primarily from China, at a timeEurope struggles with considerable overcapacity, the company said.
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