Germany - Latest news GMK Center

This indicator decreased by 4.1% compared to June 2023

The parties are discussing EPCG's purchase of a further 30% of Thyssenkrupp Steel to form a joint venture

In May, shipments of raw materials increased by 1.5% y/y

The country's gas transportation system operators submitted a joint application for the planned basic hydrogen network

The BDI industry association notes that the economic package provides only modest incentives

Production of pig iron for the month increased by 4.4% y/y, and rolled steel – by 6.7% y/y

Analysts polled by Reuters had forecast growth of 0.2%

Last week, due to a sharp increase in spot prices, the German rebar factory Feralpi Stahl temporarily suspended work

Sales volumes of flat rolled products fell by 8.6% m/m, and of graded products – by 7.4% m/m

The country plans to provide financial guarantees that will allow investors to get more favorable loans

Pig iron production fell by 3.3% y/y, and rolled steel – by 3.4% y/y

The main part of the import fell on long-rolled goods – 206.5 thousand tons