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Germany - Latest news GMK Center

Photo – Germany increased steel production by 7.7% m/m in October
Germany increased steel production by 7.7% m/m in October

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

Photo – The situation in the German economy continues to deteriorate
The situation in the German economy continues to deteriorate

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

Photo – Sentiment in the German auto industry continues to deteriorate
Sentiment in the German auto industry continues to deteriorate

European automakers face high production costs and fierce competition

Photo – Shareholder consortium prepares for voluntary buyout of Salzgitter AG shares
Shareholder consortium prepares for voluntary buyout of Salzgitter AG shares

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

Photo – Volkswagen calls for a 10% reduction in salaries
Volkswagen calls for a 10% reduction in salaries

In this way, the company seeks to maintain competitiveness

Photo – Germany imported 510 thousand tons of steel from third countries in January-August
Germany imported 510 thousand tons of steel from third countries in January-August

The main part of the import fell on long steel – 408.24 thousand tons

Photo – Germany discusses new economic stimulus plan
Germany discusses new economic stimulus plan

The plan proposed by the Minister of Economy envisages the creation of a fund to encourage investments

Photo – Germany increased steel production by 3.9% m/m in September
Germany increased steel production by 3.9% m/m in September

Pig iron production fell by 7.6% m/m, and rolled iron production increased by 9.7% m/m

Photo – Voestalpine to reorganize auto component production in Germany
Voestalpine to reorganize auto component production in Germany

The company is closing the factory in Birkenfeld, but strengthening other production facilities

Photo – Steel demand in Germany will not recover in 2024 – WV Stahl
Steel demand in Germany will not recover in 2024 – WV Stahl

In the current year, according to the forecast of Worldsteel, the demand for steel in the country will fall by 7%

Photo – SHS Group companies selected technology suppliers for decarbonization project
SHS Group companies selected technology suppliers for decarbonization project

Midrex Technologies and Primetals Technologies will be responsible for the new production complex

Photo – ArcelorMittal Bremen has received two electrolyzers as part of the HyBit project
ArcelorMittal Bremen has received two electrolyzers as part of the HyBit project

These electrolyzers are key components for the production of green hydrogen

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