Germany increased steel production by 8.9% y/y in June

Production of pig iron for the month increased by 4.4% y/y, and rolled steel – by 6.7% y/y

In June 2024, German steelmakers increased steel production by 8.9% compared to the same month in 2023, to 3.19 million tons. Compared to the previous month, the figure remained at the same level. This was reported by the German steel association WV Stahl.

In June, steel production in converters increased by 4.1% y/y and 2.7% m/m – to 2.17 million tons, and in electric arc furnaces (EAFs) by 20.8% y/y and 6.3% m/m – to 1.01 million tons.

Pig iron production increased by 4.4% y/y and fell by 1% m/m – to 2.01 million tons. Germany produced 2.77 million tons of rolled steel, up 6.7% y/y and 4.5% m/m.

In January-June, Germany increased steel production by 4.5% y/y – to 19.36 million tons, including 2.7% y/y – to 13.47 million tons in converters and 8.7% y/y – to 5.88 million tons in EAF. Pig iron production increased by 2.7% y/y – to 12.44 million tons. Rolled steel production increased by 3% y/y – to 16.72 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 fell 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.