Germany - Latest news GMK Center

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

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

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

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

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

Blocking of 70 ships has hampered the supply of raw materials to leading EU steel mills

Olaf Scholz promises to support steel industry at the national and European level

Olaf Scholz also does not rule out the state's temporary participation in Thyssenkrupp's steel business.

The company intends to completely shut down the Olpe warehouse by the middle of next year

The new plant will help reduce the company's direct emissions by up to 50% and strengthen its environmental position

Flat products accounted for the majority of sales

The BDI business association does not predict a recovery next year