Germany

stahl-online.de
Railroad strikes in Germany have a significant impact on steelmakers’ logistics

The share of railway freight transportation for the industry is 50.5%

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Germany imported 760 thousand tons of steel from third countries in 2023

The main part of the import fell on long-rolled goods – 593.47 thousand tons

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Germany reduced scrap exports by 3% y/y in 2023

The import of this raw material to the country decreased by 25% y/y in 2023

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Germany launches information campaign on CBAM

Many companies are not aware of their obligations under the mechanism

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Germany considers carbon management strategy

The relevant legislative changes were proposed by the Ministry of Economy and Climate

stahl-online.de
Germany increased steel production by 4.9% y/y in January

Production of pig iron for the month increased by 4.7% y/y, and rolled steel – by 6.2% y/y

weser-kurier.de
EC approves €1.3 billion in state aid for ArcelorMittal’s decarbonization in Germany

EC considers the aid necessary and expedient to promote the production of environmentally friendly steel

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EC approves €4 billion in German aid for industrial decarbonization

Support will be provided through bilateral carbon contracts for difference (CCfD)

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EC approves €4.6 billion for German hydrogen projects

24 hydrogen production projects will be financed. Their total value reaches €8 billion

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German government will downgrade its GDP growth forecast for 2024 to 0.2% y/y

It was previously predicted that the country's economy will grow by 1.3% this year

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CBAM creates difficulties for small German companies – Stahlmarkt

The country's business cannot receive appropriate consultations in connection with the implementation of the mechanism

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