Germany - Latest news GMK Center

In France it increased by 14.7%, in Germany – by 10.5%

In 10 months of 2022, German steelmakers reduced steel output by 6.9% y/y

Amid correction in energy prices and weak demand, steel prices are forecast to decline during November

The amount of the three-year grant is €5.5 million

In January-September 2022, German steelmakers reduced steel output by 6% y/y

More than half of Germany's sheet steel producers could lose existing electricity contracts by 2023

The industry is preparing for a difficult fourth quarter in the scrap market

Producers will reduce product prices amid falling electricity costs

The government will introduce mechanisms for an emergency reduction in gas prices and containment of electricity prices

In January-August 2022, German steelmakers reduced steel output by 4.8%

This is the company's third production facility in Germany

The company plans to build a direct reducing iron unit at the Duisburg plant