Germany - Latest news GMK Center

Export of raw materials for 9 months decreased by 3% y/y

The indicator reached the lowest level since June 2021

In 9 months, the domestic market of the country consumed 21.82 million tons of rolled steel

In addition, the budget crisis is damaging the country's reputation as a reliable partner for industry

Pig iron production in the country fell by 4.7% y/y

The court found unconstitutional the redistribution of this amount from unused funds for the fight against the coronavirus

The government has released a package of measures for the industry, which involves cutting red tape

In January-September, the company's sales fell by 14.3% y/y

The cost of the program in 2024 alone will be approximately €12 billion

The indicator reached the lowest level since August 2021

The indicator decreased for the fourth month in a row

This decision will affect 200 jobs