Germany

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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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ArcelorMittal to supply green electricity to service center in Neuwied

A solar power plant with a capacity of 4.1 million kWh is being built on the roof of the enterprise

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German steel industry will become the main European consumer of green hydrogen

The potential demand of the country's steel industry may amount to 850,000 tons of hydrogen per year by 2030

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Economic sentiment in Germany deteriorated sharply in August

The last time such deterioration of expectations was recorded two years ago

cleanenergywire.org
Salzgitter increased steel production by 6.2% y/y in H1 2024

Product sales during this period decreased by 10.2% y/y

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Industrial production in Germany increased by 1.4% m/m in June

This indicator decreased by 4.1% compared to June 2023

Czech EPCG has completed the acquisition of 20% of Thyssenkrupp’s steel division

The parties are discussing EPCG's purchase of a further 30% of Thyssenkrupp Steel to form a joint venture

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Germany reduced scrap exports by 7% y/y in January-May

In May, shipments of raw materials increased by 1.5% y/y

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