Germany - Latest news GMK Center

This was the result of positive internal and external changes

Volumes reached 1.27 million tons, which supported the company's profit growth

The agreement involving a slab and billet producer in Germany does not pose any risks to competition

Funding for CO2 capture and storage technologies has been proposed for the first time

In 2025, Germany reduced its consumption of scrap steel to its lowest level since 2009

Exports to Italy increased, while exports to the Netherlands fell sharply by 19% y/y

The exact reasons for the suspension of negotiations are unknown, but the state of the steel industry in Europe is improving

The new crisis relief mechanism allows for the reimbursement of electricity costs through the end of 2026

Compared to the previous month, the figure rose by 18.1%

The industry is criticizing the new law due to the lack of clear criteria and «Made in EU» requirements

Businesses are concerned about the long-term prospects of energy shortages

The industry association has lowered its forecast following a weak start to the year and amid the war with Iran