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Germany - Latest news GMK Center

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

Photo – German steelmakers insist on a permanent solution for high electricity tariffs
German steelmakers insist on a permanent solution for high electricity tariffs

The industry demands long-term government support to reduce electricity transmission costs and ensure competitiveness

Photo – Steel sales in Germany fell by 13% m/m in August – BDS
Steel sales in Germany fell by 13% m/m in August – BDS

The Association recorded a decline in sales in all segments

Photo – Germany reduced steel production by 10.5% y/y in August
Germany reduced steel production by 10.5% y/y in August

The indicator has been declining for the eighth consecutive month in annual comparison

Photo – Salzgitter postpones expansion of green steel production project for three years
Salzgitter postpones expansion of green steel production project for three years

German steelmaker cites challenging market conditions and slow development of hydrogen technology market

Photo – Thyssenkrupp has received an offer from Jindal Steel to purchase its steel business
Thyssenkrupp has received an offer from Jindal Steel to purchase its steel business

The Indian conglomerate is prepared to invest over €2 billion in the green transformation of TKSE and assume its pension obligations

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