Germany

germany.arcelormittal.com
ArcelorMittal to close warehouse in Germany due to falling demand

The company intends to completely shut down the Olpe warehouse by the middle of next year

outokumpu.com
Outokumpu builds bio-carbon plant in Germany to reduce emissions

The new plant will help reduce the company's direct emissions by up to 50% and strengthen its environmental position

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Steel sales in Germany increased by 7.4% y/y in October

Flat products accounted for the majority of sales

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German industrialists expect production to fall by 3% in 2024

The BDI business association does not predict a recovery next year

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Germany increased steel production by 7.7% m/m in October

Pig iron production increased by 11.3% m/m, and rolled iron – by 7.4% m/m

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The situation in the German economy continues to deteriorate

The outlook for the German economy negatively affects the expectations of steel market participants

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Sentiment in the German auto industry continues to deteriorate

European automakers face high production costs and fierce competition

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Shareholder consortium prepares for voluntary buyout of Salzgitter AG shares

GP Günter Papenburg AG is considering taking control of the company through the acquisition of more than 45% of the shares together with TSR Recycling

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Volkswagen calls for a 10% reduction in salaries

In this way, the company seeks to maintain competitiveness

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Germany imported 510 thousand tons of steel from third countries in January-August

The main part of the import fell on long steel – 408.24 thousand tons

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Germany discusses new economic stimulus plan

The plan proposed by the Minister of Economy envisages the creation of a fund to encourage investments

steel guru
Germany increased steel production by 3.9% m/m in September

Pig iron production fell by 7.6% m/m, and rolled iron production increased by 9.7% m/m

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