Germany

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Germany increased steel production by 8.9% y/y in June

Production of pig iron for the month increased by 4.4% y/y, and rolled steel – by 6.7% y/y

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Industrial production in Germany in May decreased by 2.5% m/m

Analysts polled by Reuters had forecast growth of 0.2%

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Sharp fluctuations in electricity prices in Germany threaten the stable operation of the steel industry

Last week, due to a sharp increase in spot prices, the German rebar factory Feralpi Stahl temporarily suspended work

reuters.com
Steel sales in Germany decreased by 8.9% m/m in May

Sales volumes of flat rolled products fell by 8.6% m/m, and of graded products – by 7.4% m/m

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EC approves €3 billion state aid to Germany to support hydrogen network

The country plans to provide financial guarantees that will allow investors to get more favorable loans

stahl-online.de
Germany reduced steel production by 1.9% y/y in May

Pig iron production fell by 3.3% y/y, and rolled steel – by 3.4% y/y

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Germany imported 264.1 thousand tons of steel from third countries in January-April

The main part of the import fell on long-rolled goods – 206.5 thousand tons

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ArcelorMittal Bremen receives permission for large-scale environmental modernization

The company plans to transform the enterprise in Bremen into an integrated electric steel smelting plant in the coming years

igwindkraft.at
A 72 MW wind farm will be built on the territory of ArcelorMittal Bremen

All generated electricity will be transferred to the needs of the plant

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Germany approves financing of ArcelorMittal’s green transition

The state will finance the project in the amount of about €1.3 billion

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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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