Germany - Latest news GMK Center

The main reason is Trump's trade war

Since the beginning of the year, the indicator has decreased by 12.5% y/y

Last year, the Eisenhüttenstadt plant had temporary interruptions due to soaring electricity prices

Shipments of flat products to third countries increased by 23.5% m/m and long products – by 24.2% m/m

The unit, which could cost up to €2 billion, is part of the group's restructuring plan

The company will remain independent and continue its transformation towards green steel

The revision does not take into account the new US reciprocal tariffs

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