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

Export of raw materials for 9 months decreased by 3% y/y
Inflation in Germany slowed down to 3.2% y/y in November

The indicator reached the lowest level since June 2021
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
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
Germany reduced steel output by 8.8% y/y in October

Pig iron production in the country fell by 4.7% y/y
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
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
Salzgitter expects weak market conditions in Q4

In January-September, the company's sales fell by 14.3% y/y
Germany presented a plan to reduce electricity prices for industry

The cost of the program in 2024 alone will be approximately €12 billion
Inflation in Germany slowed down to 3.8% y/y in October

The indicator reached the lowest level since August 2021
Industrial production in Germany decreased by 1.4% m/m in September

The indicator decreased for the fourth month in a row
Outokumpu plans to reorganize operations in Germany

This decision will affect 200 jobs

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