Germany - Latest news GMK Center

Exports to Italy increased, while exports to the Netherlands fell sharply by 19% y/y

The exact reasons for the suspension of negotiations are unknown, but the state of the steel industry in Europe is improving

The new crisis relief mechanism allows for the reimbursement of electricity costs through the end of 2026

Compared to the previous month, the figure rose by 18.1%

The industry is criticizing the new law due to the lack of clear criteria and «Made in EU» requirements

Businesses are concerned about the long-term prospects of energy shortages

The industry association has lowered its forecast following a weak start to the year and amid the war with Iran

The new measure includes quotas and a 50% duty on excess shipments to limit oversupply

The volume of these exports fell by 1% y/y during the period

Energy prices in the country rose by 7.2% y/y during the period

The €1.4 million initiative aims to recycle iron, vanadium, manganese, and chromium in an energy-efficient manner

The industry association insists on the right approach to implementing the announced leading markets