VLPNF - Voestalpine: The Net Debt And Pension Deficit Are Getting Worrisome

Introduction

Most investors know ArcelorMittal (MT) as one of Europe’s largest steel makers, but we also shouldn’t forget about Voestalpine (OTC:VLPNF) (OTCPK:VLPNY), a large European steel producer based in Austria, generating 65% of its revenue in the European Union. Voestalpine isn’t just focused on "steel" but has divided its operations in four divisions, including "metal forming," "high performance metals" and "metal engineering." So rather than being a "pure" steel producer, Voestalpine has several horses in its stable.

Source: Yahoo Finance

The company’s Austrian listing is much more liquid,