Germany

kloeckner.com
German Klöckner expects steel demand to grow in 2024

The company relies on improved market conditions and reduced inflationary pressures

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Germany launches subsidies for energy-intensive companies

The first round of the project is expected to provide €4 billion in financing

reuters.com
Average monthly steel sales in Germany fell by 5% y/y in 2023

Last year, the monthly volume of steel sales never exceeded 1 million tons

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Industrial production in Germany increased by 1% m/m in January

Compared to January 2023, the indicator decreased by 5.5%

stahl-online.de
Railroad strikes in Germany have a significant impact on steelmakers’ logistics

The share of railway freight transportation for the industry is 50.5%

shutterstock.com
Germany imported 760 thousand tons of steel from third countries in 2023

The main part of the import fell on long-rolled goods – 593.47 thousand tons

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Germany reduced scrap exports by 3% y/y in 2023

The import of this raw material to the country decreased by 25% y/y in 2023

shutterstock.com
Germany launches information campaign on CBAM

Many companies are not aware of their obligations under the mechanism

shutterstock.com
Germany considers carbon management strategy

The relevant legislative changes were proposed by the Ministry of Economy and Climate

stahl-online.de
Germany increased steel production by 4.9% y/y in January

Production of pig iron for the month increased by 4.7% y/y, and rolled steel – by 6.2% y/y

weser-kurier.de
EC approves €1.3 billion in state aid for ArcelorMittal’s decarbonization in Germany

EC considers the aid necessary and expedient to promote the production of environmentally friendly steel

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