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Germany - Latest news GMK Center

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

Photo – Industrial production in Germany fell by 2.4% m/m in July
Industrial production in Germany fell by 2.4% m/m in July

This indicator decreased by 5.3% y/y

Photo – IfW predicts a 0.1% decline in Germany’s GDP in 2024
IfW predicts a 0.1% decline in Germany’s GDP in 2024

Previous positive expectations caused by early indicators disappointed analysts

Photo – Germany increased steel production by 6.3% y/y in July
Germany increased steel production by 6.3% y/y in July

The production of pig iron for the month increased by 2.4% y/y, and rolled steel – by 2.5% y/y

Photo – ArcelorMittal to supply green electricity to service center in Neuwied
ArcelorMittal to supply green electricity to service center in Neuwied

A solar power plant with a capacity of 4.1 million kWh is being built on the roof of the enterprise

Photo – German steel industry will become the main European consumer of green hydrogen
German steel industry will become the main European consumer of green hydrogen

The potential demand of the country's steel industry may amount to 850,000 tons of hydrogen per year by 2030

Photo – Economic sentiment in Germany deteriorated sharply in August
Economic sentiment in Germany deteriorated sharply in August

The last time such deterioration of expectations was recorded two years ago

Photo – Salzgitter increased steel production by 6.2% y/y in H1 2024
Salzgitter increased steel production by 6.2% y/y in H1 2024

Product sales during this period decreased by 10.2% y/y

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