Germany

The company explains this step by the persistently weak economic condition, as well as the negative prospects of the steel market

The association insists on the speedy implementation of the industrial development policy of Germany and the return of the country to the title of an industrial center

The network construction period has been extended until 2037

The outlook for the sector remains bleak

The company shipped 1.44 million tons of raw materials to third countries and 6.36 million tons within the EU.

The closed tender is part of Power4Steel's decarbonization project

Salzgitter owns 30% of the company's shares

Production of pig iron for the month increased by 6.4% y/y, and rolled steel – by 8.4% y/y

The company told European customers that products made using DRI would be subject to an additional markup

The company justifies this step by the negative economic conditions for industrial companies in Germany

The company relies on improved market conditions and reduced inflationary pressures

The first round of the project is expected to provide €4 billion in financing