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German manufacturers are not optimistic for 2023

German producers are starting to lose their hopes about steel order volume for 2023.

German manufacturers are not optimistic for 2023

According to statistics, the order volume of German steel companies in the third quarter of 2022 declined compared to the previous quarter. This decline also had an impact on metal manufacturing companies.

The annual decline in order volume has caused companies to remain pessimistic about the market outlook for 2023. Steel production decreased by 0.7% compared to the previous quarter.
It was suggested that factors such as war did not have a big impact on the fact that the year 2022 was a difficult year.

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