Germany - Latest news GMK Center

European steel industry concerned about broader impact of US tariffs

Almost 700 employees remain in short-term employment – full resumption of work is not expected

The Association called the introduction of «reciprocal» US duties a blow to transatlantic trade

The Alliance can serve as a tool to promote hydrogen policy

Assistance will be provided through bilateral carbon contracts

Since the beginning of the year, the indicator has decreased by 13.1% y/y

The deal will allow Hoberg & Driesch to strengthen its market position and expand its product range

Industry representatives are also skeptical about the rapid transition to green hydrogen

German steelmakers see this as an opportunity to stimulate the economy

Shipments fell by 11% y/y – to 7.1 million tons

Last year's sales remained almost at the level of 2023