Germany

This indicator decreased by 3.4% y/y

Support will be provided through bilateral carbon contracts for difference (CCfD)

24 hydrogen production projects will be financed. Their total value reaches €8 billion

It was previously predicted that the country's economy will grow by 1.3% this year

The country's business cannot receive appropriate consultations in connection with the implementation of the mechanism

The indicator has been decreasing for the seventh month in a row

The company plans to invest €2.5 billion in replacing blast furnaces with electric arc furnaces at plants in Bremen and Eisenhuttenstadt

Compared to the previous month, the indicator increased by 0.2%

Representatives of the country's federal lands formed the Steel Alliance

The export of steel products for the month increased by 22.2% y/y

Production of pig iron decreased by 0.9% y/y, and rolled steel – by 3.6% y/y

By 2030, the industry will need additional electricity for hydrogen electrolysis in the amount of 48 TWh