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Germany - Latest news GMK Center

Photo – German LEAG suspends energy project using green hydrogen
German LEAG suspends energy project using green hydrogen

Construction of H2UB Boxberg postponed due to political and economic conditions

Photo – The German government has approved a draft budget with a high level of borrowing
The German government has approved a draft budget with a high level of borrowing

The priorities of the budget are investment, structural reforms, and consolidation

Photo – German Finance Minister proposes summit on steel
German Finance Minister proposes summit on steel

The proposal was made against the backdrop of the cancellation of green projects in the country

Photo – Germany reduced steel production by 6.4% y/y in May
Germany reduced steel production by 6.4% y/y in May

The indicator has been declining for the fifth consecutive month in annual comparison

Photo – Thyssenkrupp will continue construction of a green steel plant
Thyssenkrupp will continue construction of a green steel plant

ArcelorMittal has abandoned plans to convert two plants in Germany to carbon-neutral production

Photo – German defense industry needs more domestic armor steel
German defense industry needs more domestic armor steel

Rheinmetall and other producers urge steelmakers to increase production of military-grade steel

Photo – German central bank does not expect economic growth in 2025
German central bank does not expect economic growth in 2025

The Bundesbank lowered expectations in its new six-month forecast

Photo – German government approves €46 billion tax break package for companies
German government approves €46 billion tax break package for companies

The package is designed to stimulate the economy in 2025-2029

Photo – German ROGESA shuts down blast furnace No. 4 for 55-day maintenance
German ROGESA shuts down blast furnace No. 4 for 55-day maintenance

The work started on May 21, earlier than the originally planned third quarter

Photo – Thyssenkrupp continues strategic business reorganization
Thyssenkrupp continues strategic business reorganization

The conglomerate plans to transform into a holding company with controlling stakes in certain business units

Photo – Germany reduced steel production by 10.1% y/y in April
Germany reduced steel production by 10.1% y/y in April

Since the beginning of the year, the indicator has decreased by 11.9% y/y

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