Germany

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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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German steelmakers supported the country’s new industrial strategy

The country's Ministry of Economy presented a road map for future industrial policy

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Germany reduced steel output by 3.6% y/y in January-September

Pig iron production in the country increased by 0.1% y/y in this period

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German steelmakers once again called for the introduction of transitional electricity prices

High costs put more and more German companies in a difficult position

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The consumption of rolled steel in Germany decreased by 11.9% y/y in January-August

Over 8 months, the domestic market consumed 19.83 million tons of rolled steel

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Inflation in Germany slowed to 4.5% y/y in September

In August and July, the inflation rate exceeded 6% – 6.1% and 6.2%, respectively

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