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Germany - Latest news GMK Center

Photo – Germany convenes steel summit in light of ongoing crisis in the sector
Germany convenes steel summit in light of ongoing crisis in the sector

Friedrich Merz invited the government and business community to discuss ways to support the industry on November 6.

Photo – German hydrogen strategy needs to be corrected – audit service
German hydrogen strategy needs to be corrected – audit service

Federal agency proposes to check plans for compliance with reality

Photo – Thyssenkrupp shuts down blast furnace in Duisburg due to weak demand and imports
Thyssenkrupp shuts down blast furnace in Duisburg due to weak demand and imports

German producer suspends BF9 amid structural changes in the EU and pressure from cheap imports

Photo – Germany increased steel production by 15.4% m/m in September
Germany increased steel production by 15.4% m/m in September

In annual comparison, the indicator has been declining for the ninth month in a row

Photo – Germany lags behind in steel demand among industrialized countries
Germany lags behind in steel demand among industrialized countries

Steelmakers emphasize the importance of short-term stimulus

Photo – Thyssenkrupp Electrical Steel suspends operations at its Gelsenkirchen plant
Thyssenkrupp Electrical Steel suspends operations at its Gelsenkirchen plant

Production will be halted for a week, about 1200 jobs are at risk

Photo – German economy to grow in the fourth quarter – forecast
German economy to grow in the fourth quarter – forecast

Growth expectations are currently linked to internal resources

Photo – SHS-Gruppe secures financing for Power4Steel transformation project
SHS-Gruppe secures financing for Power4Steel transformation project

Total financing package amounts to approximately €1.7 billion

Photo – The German government has raised its economic growth forecast for 2025
The German government has raised its economic growth forecast for 2025

Domestic demand is expected to drive growth rather than foreign trade

Photo – Germany launches €6 billion industrial decarbonization program
Germany launches €6 billion industrial decarbonization program

Initiative includes carbon capture and storage technology for the first time

Photo – Germany’s Social Democrats call for a “buy European” policy in the steel industry
Germany’s Social Democrats call for a “buy European” policy in the steel industry

The SPD proposes that the EU limit steel imports with quotas and tighten controls on Russian products

Photo – Czech billionaire Kretinsky sells 20% stake in Thyssenkrupp Steel
Czech billionaire Kretinsky sells 20% stake in Thyssenkrupp Steel

The investor's exit halts plans to create a German-Czech steel giant and paves the way for a deal with Jindal Steel

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