Germany

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Germany approves plans to accelerate hydrogen technology and carbon capture

Both technologies have been identified as critical components of the country's quest for carbon neutrality

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Germany increased steel production by 2.7% y/y in April

The production of pig iron for the month increased by 1.2% y/y, and rolled steel – decreased by 0.1% y/y

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Germany has developed a concept of the green industry market

One of the tools to increase demand for green materials is public procurement

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WV Stahl calls for reduction of electricity costs for medium-sized enterprises

At the stage of transformation, the country's steel sector needs active political steps

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ArcelorMittal calls for a clear state decarbonization policy in Germany

The company needs cheap electricity and hydrogen to continue upgrading its German assets

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Ukraine – Germany: analytical trading review

In 2023, Germany became the third largest importer of goods to Ukraine

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Germany is losing its status as the engine of the EU economy

High lending rates and weak demand are dragging down the EU's largest economy

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Germany imported 155 thousand tons of steel from third countries in January-February

The main part of the import fell on long-rolled goods – 112.33 thousand tons

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Thyssenkrupp sells 20% of steel business to EPCG holding

The parties are in talks to sell another 30% of the division's shares to create a joint venture and each own 50% of the shares

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German steel distributors reduced sales by 17.8% y/y in March

Last month, sales of steel products amounted to 817.46 thousand tons

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Germany increased steel production by 8.4% y/y in March

Pig iron production increased by 3.5% y/y for the month, and rolled steel – by 1% y/y

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LESS green steel standard presented in Germany

LESS is a voluntary labeling program open to all steel producers

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