Germany

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Germany is facing the problem of creeping deindustrialization – CEO Salzgitter

In addition, the budget crisis is damaging the country's reputation as a reliable partner for industry

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Germany reduced steel output by 8.8% y/y in October

Pig iron production in the country fell by 4.7% y/y

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Germany’s Climate and Transformation Fund received a deficit of €60 billion

The court found unconstitutional the redistribution of this amount from unused funds for the fight against the coronavirus

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The collapse of housing construction will affect the German economy

The government has released a package of measures for the industry, which involves cutting red tape

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Salzgitter expects weak market conditions in Q4

In January-September, the company's sales fell by 14.3% y/y

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Germany presented a plan to reduce electricity prices for industry

The cost of the program in 2024 alone will be approximately €12 billion

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Inflation in Germany slowed down to 3.8% y/y in October

The indicator reached the lowest level since August 2021

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Industrial production in Germany decreased by 1.4% m/m in September

The indicator decreased for the fourth month in a row

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Outokumpu plans to reorganize operations in Germany

This decision will affect 200 jobs

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Discussions regarding the electricity transition price for industry are ongoing in Germany

Trade unions insist on supporting energy-intensive industries, the government and business differ in their assessments

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Inflation in Germany slowed down to 3.8% y/y in October

In September, the inflation rate exceeded 4.5%, and in August and July – 6%

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Germany’s construction sector is experiencing a serious downturn

The situation in the industry puts pressure on the building materials market

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