Germany - Latest news GMK Center

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

The country's industry expects support from the new federal government

The growth was driven by increased demand for flat products

The company reported €445 million in EBITDA, although overall financial performance declined

Olaf Scholz referred to the wishes of customers who will need environmentally friendly steel products

Lower Saxony government and workers' representatives oppose the takeover