Germany - Latest news GMK Center

The first phase of the project is planned to be completed by the end of 2025

The company is working with the American bank Goldman Sachs to explore options for selling the division

Pig iron production in the country decreased by 1.1% y/y in February

During the year, German scrap processors shipped 7.7 million tons of scrap

The decrease in carbon emissions in the industrial sector was mostly due to a decrease in production

One factor was the rising cost of the carbon contract

At the same time, Germany intends to launch a subsidy program to reduce emissions

Buyers need to stock up, and import offers are currently limited

The company also plans to resume production at the Hamburg plant in the first half of 2023

In 2023, a slight slowdown of the country's economy is predicted

Pig iron production in the country decreased by 7.9% y/y in January

The funds will go to support the company's projects on decarbonization of steel production