Germany - Latest news GMK Center

The French company announced the decision to close two German plants in 2022

The company plans to repair and maintain the unit

Production of pig iron in the country decreased by 0.1% y/y in this period

The country's steelmakers believe that this will be a signal for future investment in the industry

The market is counting on the revival of activity after the summer break

Warehouse stocks of flat rolled products fell by 10.7% y/y, and of graded products by 14.3% y/y

Pig iron production in the country increased by 0.1% y/y in the period

The government intends to allocate €2.5 billion as soon as the approval of the European Commission is received

Energy-intensive companies will be able to receive compensation for part of the fuel costs

The export of raw materials from the country decreased by 14% in annual terms in 5 months

Official funding approval will be announced in the coming days

Pig iron production in the country decreased by 0.6% y/y in the first half of 2023