Germany - Latest news GMK Center

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

Planned maintenance at many EU steel mills will reduce the supply of steel on the market

After heavy rains and floods in Germany, the company warned of production cuts and delivery delays

In May, the production of pig iron in the country increased by 1.4% m/m

The fall is caused by a sharp reduction in steel production at electric steelmaking plants

The program is planned to be implemented over the next 15 years