Germany - Latest news GMK Center

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

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

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

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

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

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

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

These electrolyzers are key components for the production of green hydrogen