11,134.08 TRY BIST 100 BIST 100
4.59 CNY CNY CNY
33.10 USD USD USD
36.18 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
41.69 TRY Interest Interest
85.43 USD Fossil Oil Fossil Oil
30.44 USD Silver Silver
4.41 USD Copper Copper
106.04 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,626.72 TRY Gold (gr) Gold (gr)

Germany experienced a decrease in steel sales for March

Germany recorded a decrease in steel sales compared to 2023. Here are the details..

Germany experienced a decrease in steel sales for March

In Germany, steel sales in March 2024 amounted to 817.467 million tons, down 17.8% compared to the same period in 2023 and down 3.1% on month. National steel federation WV Stahl said that Germany's steel demand will not gain significant momentum before 2025 and will remain behind the economic recovery of other regions.

According to the data, flat product sales in Germany dropped by 6.8% compared to last year to 496.756 million tons in March. Sales of other steel products, excluding flat products, were recorded at 65.948 million tons, down 8.8% compared to March 2023 and down 6.4% on a monthly basis.

Sources said that some steel product operations may be suspended to allow the market to recover, which could last until mid-June. At the same time, the percentage decrease in the steel market, calculated on a yearly and monthly basis, confirmed Germany's recent weak economic data.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

Transformations in the UAE rebar market

Thursday, July 18, 2024

China and Indonesia's dominance affects Vietnam's stainless steel industry

Thursday, July 18, 2024

India's steel exports plunge 36% in the first quarter of FY 2024-25

Thursday, July 18, 2024

Tosyalı to establish the world's biggest DRI plant in Libya

Thursday, July 18, 2024

Thailand's economic difficulties also affect the steel industry

Thursday, July 18, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now