Germany

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Germany reduced scrap imports by 22% y/y in January-September

Export of raw materials for 9 months decreased by 3% y/y

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Inflation in Germany slowed down to 3.2% y/y in November

The indicator reached the lowest level since June 2021

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Rolled steel consumption in Germany fell by 12.9% y/y in January-September

In 9 months, the domestic market of the country consumed 21.82 million tons of rolled steel

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Germany is facing the problem of creeping deindustrialization – CEO Salzgitter

In addition, the budget crisis is damaging the country's reputation as a reliable partner for industry

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Germany reduced steel output by 8.8% y/y in October

Pig iron production in the country fell by 4.7% y/y

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Germany’s Climate and Transformation Fund received a deficit of €60 billion

The court found unconstitutional the redistribution of this amount from unused funds for the fight against the coronavirus

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The collapse of housing construction will affect the German economy

The government has released a package of measures for the industry, which involves cutting red tape

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Salzgitter expects weak market conditions in Q4

In January-September, the company's sales fell by 14.3% y/y

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Germany presented a plan to reduce electricity prices for industry

The cost of the program in 2024 alone will be approximately €12 billion

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Inflation in Germany slowed down to 3.8% y/y in October

The indicator reached the lowest level since August 2021

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Industrial production in Germany decreased by 1.4% m/m in September

The indicator decreased for the fourth month in a row

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Outokumpu plans to reorganize operations in Germany

This decision will affect 200 jobs

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