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Germany - Latest news GMK Center

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

Photo – German economy to decrease by 0.2% in 2024 – forecast
German economy to decrease by 0.2% in 2024 – forecast

The government downgrades its expectations from the previous estimate of 0.3% growth

Photo – Salzgitter Flachstahl and Energiekontor agree to supply green electricity
Salzgitter Flachstahl and Energiekontor agree to supply green electricity

Energiekontor implements two solar park projects in Mecklenburg-Vorpommern

Photo – Germany reduced steel production by 8.6% m/m in August
Germany reduced steel production by 8.6% m/m in August

Pig iron production fell by 7.4% m/m, and rolled steel – by 9.6% m/m

Photo – Germany plans to make a third of its steel industry green by 2030
Germany plans to make a third of its steel industry green by 2030

In just 6 years, the country's steel industry will produce 12 million tons of environmentally friendly steel per year

Photo – Germany needs additional investment of €1.4 trillion by 2030 – BDI
Germany needs additional investment of €1.4 trillion by 2030 – BDI

In this way, the country can remain competitive at the international level in the future

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