Germany

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Germany reduced steel production by 9.6% m/m in November

Pig iron production fell by 7.1% m/m and rolled products by 9.9% m/m over the month

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Germany’s Riva Hennigsdorf plans to shut down for three months due to the steel market crisis

Weak demand and rising electricity costs weigh on the country's steel industry

WSA
Accident at Mosel River lock complicates transportation of scrap

Blocking of 70 ships has hampered the supply of raw materials to leading EU steel mills

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German Chancellor proposes to reduce electricity costs for the steel industry

Olaf Scholz promises to support steel industry at the national and European level

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German Chancellor calls for tougher EU measures against steel imports

Olaf Scholz also does not rule out the state's temporary participation in Thyssenkrupp's steel business.

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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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