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Germany - Latest news GMK Center

Photo – Germany reduced imports of rolled steel from third countries by 51% y/y in October
Germany reduced imports of rolled steel from third countries by 51% y/y in October

The export of steel products for the month fell by 3.1% y/y

Photo – Germany named the agency responsible for CBAM
Germany named the agency responsible for CBAM

The DEHSt Emissions Trading Authority will be the contact authority for import reports

Photo – Germany produced 2.7 million tons of steel in November
Germany produced 2.7 million tons of steel in November

Pig iron production in the country amounted to 1.75 million tons

Photo – Germany will cut the costs of the climate and transformation fund by €12 billion in 2024
Germany will cut the costs of the climate and transformation fund by €12 billion in 2024

On December 13, the country's government agreed on the budget for the next year

Photo – Germany’s SHS plans to receive €2.6 billion from the government for green transition
Germany’s SHS plans to receive €2.6 billion from the government for green transition

Berlin may soon receive approval from the European Commission to provide aid to the company

Photo – Industrial production in Germany decreased by 0.4% m/m in October
Industrial production in Germany decreased by 0.4% m/m in October

The indicator has decreased for the fifth month in a row

Photo – Germany reduced electricity production by 20.3% y/y in Q3
Germany reduced electricity production by 20.3% y/y in Q3

Electricity production from renewable sources increased by 8.1% y/y, while traditional electricity production fell by 42.9% y/y

Photo – Germany reduced scrap imports by 22% y/y in January-September
Germany reduced scrap imports by 22% y/y in January-September

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

Photo – Inflation in Germany slowed down to 3.2% y/y in November
Inflation in Germany slowed down to 3.2% y/y in November

The indicator reached the lowest level since June 2021

Photo – Rolled steel consumption in Germany fell by 12.9% y/y in January-September
Rolled steel consumption in Germany fell by 12.9% y/y in January-September

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

Photo – Germany is facing the problem of creeping deindustrialization – CEO Salzgitter
Germany is facing the problem of creeping deindustrialization – CEO Salzgitter

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

Photo – Germany reduced steel output by 8.8% y/y in October
Germany reduced steel output by 8.8% y/y in October

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

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