Germany

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

In December, inflation in Germany accelerated to 3.7% y/y

The country's economy decreased under the influence of high inflation, rising interest rates, and a decline in economic activity

Last year, the German economy was the weakest among the large eurozone countries

The indicator decreased for the sixth month in a row

During the period of downtime, the company carried out modernization, which required €100 million of investment

The export of steel products for the month fell by 3.1% y/y

The DEHSt Emissions Trading Authority will be the contact authority for import reports

Pig iron production in the country amounted to 1.75 million tons

On December 13, the country's government agreed on the budget for the next year

Berlin may soon receive approval from the European Commission to provide aid to the company