Germany

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German producers call on the government to introduce a transition price for electricity

The country's steelmakers believe that this will be a signal for future investment in the industry

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German steelmakers expect an increase in steel prices in September

The market is counting on the revival of activity after the summer break

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Steel stocks in Germany fell by 11.8% y/y in July

Warehouse stocks of flat rolled products fell by 10.7% y/y, and of graded products by 14.3% y/y

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Germany reduced steel production by 4.6% y/y in January-July

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

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Germany promises funding for ArcelorMittal’s decarbonization project

The government intends to allocate €2.5 billion as soon as the approval of the European Commission is received

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EC approves €6.5 billion German support scheme to eliminate risk of carbon leakage

Energy-intensive companies will be able to receive compensation for part of the fuel costs

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Germany reduced scrap imports by 30% y/y in January-May

The export of raw materials from the country decreased by 14% in annual terms in 5 months

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Thyssenkrupp confirms agreement with government for €2 billion in green subsidies

Official funding approval will be announced in the coming days

The National
Germany reduced steel production by 5.3% y/y in January-June

Pig iron production in the country decreased by 0.6% y/y in the first half of 2023

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German steel market expects higher product prices during July

Planned maintenance at many EU steel mills will reduce the supply of steel on the market

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Salzgitter declared a force majeure for steel supplies due to weather conditions

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

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Germany increased steel production by 2.7% m/m in May

In May, the production of pig iron in the country increased by 1.4% m/m

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