Germany - Latest news GMK Center

The network construction period has been extended until 2037

The outlook for the sector remains bleak

The company shipped 1.44 million tons of raw materials to third countries and 6.36 million tons within the EU.

The closed tender is part of Power4Steel's decarbonization project

Salzgitter owns 30% of the company's shares

Production of pig iron for the month increased by 6.4% y/y, and rolled steel – by 8.4% y/y

The company told European customers that products made using DRI would be subject to an additional markup

The company justifies this step by the negative economic conditions for industrial companies in Germany

The company relies on improved market conditions and reduced inflationary pressures

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

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

Compared to January 2023, the indicator decreased by 5.5%