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Germany - Latest news GMK Center

Photo – Germany increased steel production by 5.2% y/y in 2024
Germany increased steel production by 5.2% y/y in 2024

Production amounted to 37.23 million tons

Photo – High electricity prices forced German GMH Group to halt production
High electricity prices forced German GMH Group to halt production

Electricity prices jumped to €400/MWh, affecting the company's operations on Monday

Photo – Economic expectations index in Germany fell in January
Economic expectations index in Germany fell in January

This figure is significantly lower than the analysts' forecast of 15.3 points

Photo – German industry associations outline challenges for the scrap recycling sector
German industry associations outline challenges for the scrap recycling sector

BDSV and VDM publish position paper with demands for the future federal government

Photo – Czech EPH among bidders for German energy company Uniper – Reuters
Czech EPH among bidders for German energy company Uniper – Reuters

Uniper had to be nationalized during the European energy crisis in 2012

Photo – Germany continues discussions on green steel
Germany continues discussions on green steel

German Chancellor Merz clarifies his previous statements

Photo – Thyssenkrupp’s green steel plan includes alternatives to hydrogen
Thyssenkrupp’s green steel plan includes alternatives to hydrogen

The company is open to all technologies for further transformation

Photo – Car production in Germany amounted to 4.1 million units in 2024
Car production in Germany amounted to 4.1 million units in 2024

The indicators remained at the level of 2023, but at the end of the year a downward trend was recorded

Photo – Dutch Van Merksteijn and German Badische Stahlwerke to merge in 2025
Dutch Van Merksteijn and German Badische Stahlwerke to merge in 2025

Leading European reinforcing steel producers to establish Reinforcing Steel Europe to strengthen positions in the EU market

Photo – Germany imported 630.9 thousand tons of steel from third countries in January-October
Germany imported 630.9 thousand tons of steel from third countries in January-October

The main part of the import fell on long steel – 497.54 thousand. t

Photo – Germany reduced steel production by 9.6% m/m in November
Germany reduced steel production by 9.6% m/m in November

Pig iron production fell by 7.1% m/m and rolled products by 9.9% m/m over the month

Photo – Germany’s Riva Hennigsdorf plans to shut down for three months due to the steel market crisis
Germany’s Riva Hennigsdorf plans to shut down for three months due to the steel market crisis

Weak demand and rising electricity costs weigh on the country's steel industry

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