Germany increased steel production by 3.9% m/m in September

Pig iron production fell by 7.6% m/m, and rolled iron production increased by 9.7% m/m

In September 2024, German steelmakers increased steel production by 3.9% compared to the previous month to 2.99 million tons. The figure increased by 4.3% compared to September 2023. This was reported by the German steel association WV Stahl.

Steel production in converters in September fell by 7% m/m and 4% y/y – to 1.99 million tons, and in electric arc furnaces (EAF) increased by 35.7% m/m and 25.9% y/y – to 996 thousand tons.

Pig iron production decreased by 7.6% m/m and 5% y/y – to 1.97 million tons. Germany’s rolled steel output amounted to 2.58 million tons, up 9.7% m/m and 7.9% y/y.

In January-September, Germany increased steel production by 4% y/y – to 28.36 million tons, including 1.5% in converters to 19.96 million tons, and 10.4% y/y in EAF to 8.4 million tons. Pig iron production increased by 1.6% y/y – to 18.37 million tons. Rolled steel production increased by 3.2% y/y – to 24.25 million tons.

As GMK Center reported earlier, Germany is among the ten largest steel producers in the world according to World Steel. In 2023, the country decreased steel production by 3.9% year-on-year – to 35.4 million tons, ranking 8th in the global ranking of producing countries.

Steel production in converters decreased by 0.9% y/y – to 25.63 million tons, and in electric arc furnaces by 10.8% y/y – to 9.81 million tons. Pig iron production decreased by 0.9% y/y – to 23.63 million tons. Rolled steel output amounted to 30.64 million tons, down 3.6% y/y.