Germany to give Thyssenkrupp €2 billion for environmental projects

The company will direct funds to the construction of a plant for the production of ecologically clean steel in Duisburg
The orders volume in the construction sector of Germany in the first quarter fell by 18% y/y

The industry is dominated by pessimistic forecasts for the next 12 months
German industrial companies called for a general cap on electricity prices

Currently, the government's price cap proposal applies to energy-intensive industries
Germany reduced steel production by 3.8% y/y in April

In April, the production of pig iron in the country fell by 3.4% y/y
Industrial production in Germany decreased by 3.4% m/m in March

Analysts expected a decrease in the indicator by an average of 1.3%
German industry still needs energy support – Salzgitter CEO

The price of electricity still affects the competitiveness of energy-intensive industries
German GDP in the first quarter remained at the level of the previous quarter

Experts expected the country's economy to grow by at least 0.2% q/q
Germany increased steel sales by 17.4% m/m in March

Sales of flat rolled products increased by 5.4% m/m, long products – by 11.6% m/m, and other steel products – by 17.9% m/m
Germany’s Dillinger achieved record production results in 2022

In 2022, the company increased the production of steel products by 3.4% – up to 1.84 million tons – more than 1 million tons of thick rolled products were produced
Germany reduced steel production by 2.7% y/y in March

In March, the production of pig iron in the country increased by 5.6% y/y
Spain’s Iberdrola to supply green electricity to Salzgitter

Subsidiary Iberdrola to supply 114 MW over 15 years starting in 2024
German industry will need €52 billion for decarbonization by 2050

Steel industry will require investments of €16.7 billion

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