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Germany - Latest news GMK Center

Photo – Germany’s steel industry is at a turning point – WV Stahl
Germany’s steel industry is at a turning point – WV Stahl

Stable framework conditions are necessary for investments in decarbonization and technological modernization

Photo – Germany increased steel production by 9.5% y/y in April
Germany increased steel production by 9.5% y/y in April

Compared to March, steel production fell by 3.3%

Photo – The European Commission has approved Germany’s €1.3 billion hydrogen initiative
The European Commission has approved Germany’s €1.3 billion hydrogen initiative

The program will support the construction of up to 1 GW of electrolysers and the production of renewable hydrogen

Photo – Feralpi Stahl plans to expand production capacity at its plant in Riga
Feralpi Stahl plans to expand production capacity at its plant in Riga

The plans are driven by the rollout of the company's new rolling mill

Photo – New ETS targets will hit energy-intensive industries – BDG
New ETS targets will hit energy-intensive industries – BDG

The industry association is calling for real market conditions to be taken into account

Photo – Salzgitter is expanding its steel certifications for military equipment
Salzgitter is expanding its steel certifications for military equipment

The new certifications enable the company to meet up to 90% of armored vehicles' steel requirements

Photo – Thyssenkrupp has raised the valuation of its steel division by 25%
Thyssenkrupp has raised the valuation of its steel division by 25%

This was the result of positive internal and external changes

Photo – Salzgitter increased steel output by 1.4% y/y in Q1
Salzgitter increased steel output by 1.4% y/y in Q1

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

Photo – The EC has approved Salzgitter’s full control over HKM
The EC has approved Salzgitter’s full control over HKM

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

Photo – Germany will allocate €5 billion for the decarbonization of heavy industry
Germany will allocate €5 billion for the decarbonization of heavy industry

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

Photo – Steel mills in Germany are expected to reduce their scrap consumption by 5% y/y in 2025
Steel mills in Germany are expected to reduce their scrap consumption by 5% y/y in 2025

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

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