US Edition
Germany's Steel Production Down by Double Digits in H1
19 Articles
19 Articles
High energy costs, price pressure from abroad, and the uncertainty caused by the tariff dispute with the US: all of this is taking a massive toll on the steel industry. Crude steel production is at its lowest level since the financial crisis.
In Germany, steel production has declined significantly.
German steel companies such as Thyssenkrupp are partly struggling with red figures. The industry is complaining about production collapses - and has clear demands on politics.
Steel production in Germany has fallen by almost twelve percent in the first half of the year – compared to the already poor period of the previous year. The Steel Economic Association is now calling for concrete measures.
Germany's steel companies have a hard time - the energy they need for their blast furnaces is expensive and the steel prices of foreign competition are often low. New figures are clear.
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