UPDATE 3-Voestalpine sees waning demand and steel price wars

Newswire

* Sees steady operating profit amid tough market conditions * Q4 EBIT 27.8 mln eur vs Reuters poll avg zero * Proposes unchanged dividend of 0.80 euros per share * Shares slip but outperform steel sector (Recasts with comments from news conference, market reaction) By Michael Shields VIENNA, May 30 (Reuters) - Austrian steelmaker Voestalpine said prospects for a European sector upturn were fading as demand wanes in the car and energy sectors and excess capacity triggers "destructive price ...

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