Germany - Latest news GMK Center

The indicator has been decreasing for the seventh month in a row

The company plans to invest €2.5 billion in replacing blast furnaces with electric arc furnaces at plants in Bremen and Eisenhuttenstadt

Compared to the previous month, the indicator increased by 0.2%

Representatives of the country's federal lands formed the Steel Alliance

The export of steel products for the month increased by 22.2% y/y

Production of pig iron decreased by 0.9% y/y, and rolled steel – by 3.6% y/y

By 2030, the industry will need additional electricity for hydrogen electrolysis in the amount of 48 TWh

In December, inflation in Germany accelerated to 3.7% y/y

The country's economy decreased under the influence of high inflation, rising interest rates, and a decline in economic activity

Last year, the German economy was the weakest among the large eurozone countries

The indicator decreased for the sixth month in a row

During the period of downtime, the company carried out modernization, which required €100 million of investment