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Germany - Latest news GMK Center

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

Photo – Germany cuts tax forecasts by €81 billion by 2029
Germany cuts tax forecasts by €81 billion by 2029

Experts predict that the federal treasury alone will receive €33.3 billion less during the period

Photo – Feralpi Stahl launches new steel rolling mill in Riesa for €220 million
Feralpi Stahl launches new steel rolling mill in Riesa for €220 million

New energy-efficient rolling mill operates without emissions and supports the green industry

Photo – Salzgitter reduced steel production by 7.5% q/q in Q1
Salzgitter reduced steel production by 7.5% q/q in Q1

The company suffered a decline in revenue and losses amid weak demand and geopolitical tensions

Photo – Germany should seek new trade agreements as part of EU strategy – Minister
Germany should seek new trade agreements as part of EU strategy – Minister

Katherina Reiche says the US will remain a key partner, but the economy needs to diversify

Photo – Salzgitter invests hundreds of millions of euros in new furnace and heat recovery
Salzgitter invests hundreds of millions of euros in new furnace and heat recovery

The project will reduce energy consumption by up to 30% and cut CO2 emissions in flat products production

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