Germany

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Voestalpine to reorganize auto component production in Germany

The company is closing the factory in Birkenfeld, but strengthening other production facilities

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Steel demand in Germany will not recover in 2024 – WV Stahl

In the current year, according to the forecast of Worldsteel, the demand for steel in the country will fall by 7%

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SHS Group companies selected technology suppliers for decarbonization project

Midrex Technologies and Primetals Technologies will be responsible for the new production complex

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ArcelorMittal Bremen has received two electrolyzers as part of the HyBit project

These electrolyzers are key components for the production of green hydrogen

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German economy to decrease by 0.2% in 2024 – forecast

The government downgrades its expectations from the previous estimate of 0.3% growth

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Salzgitter Flachstahl and Energiekontor agree to supply green electricity

Energiekontor implements two solar park projects in Mecklenburg-Vorpommern

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Germany reduced steel production by 8.6% m/m in August

Pig iron production fell by 7.4% m/m, and rolled steel – by 9.6% m/m

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Germany plans to make a third of its steel industry green by 2030

In just 6 years, the country's steel industry will produce 12 million tons of environmentally friendly steel per year

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Germany needs additional investment of €1.4 trillion by 2030 – BDI

In this way, the country can remain competitive at the international level in the future

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Industrial production in Germany fell by 2.4% m/m in July

This indicator decreased by 5.3% y/y

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IfW predicts a 0.1% decline in Germany’s GDP in 2024

Previous positive expectations caused by early indicators disappointed analysts

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Germany increased steel production by 6.3% y/y in July

The production of pig iron for the month increased by 2.4% y/y, and rolled steel – by 2.5% y/y

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