Germany - Latest news GMK Center

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

Pig iron production increased by 11.3% m/m, and rolled iron – by 7.4% m/m

The outlook for the German economy negatively affects the expectations of steel market participants

European automakers face high production costs and fierce competition

GP Günter Papenburg AG is considering taking control of the company through the acquisition of more than 45% of the shares together with TSR Recycling

In this way, the company seeks to maintain competitiveness