Germany

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Germany has agreed on the details of financing the country’s hydrogen network

The network construction period has been extended until 2037

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Germany exported 7.8 million tons of scrap in 2023

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

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German SHS announces a tender for the supply of 50 thousand tons of green hydrogen

The closed tender is part of Power4Steel's decarbonization project

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Germany increased steel production by 4.4% y/y in February

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

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ArcelorMittal plans to introduce a premium for high-quality wire rod

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

industriemagazin.at
Voestalpine plans to sell German plant Buderus Edelstahl

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

kloeckner.com
German Klöckner expects steel demand to grow in 2024

The company relies on improved market conditions and reduced inflationary pressures

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Germany launches subsidies for energy-intensive companies

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

reuters.com
Average monthly steel sales in Germany fell by 5% y/y in 2023

Last year, the monthly volume of steel sales never exceeded 1 million tons

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Industrial production in Germany increased by 1% m/m in January

Compared to January 2023, the indicator decreased by 5.5%

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