11,024.33 TRY BIST 100 BIST 100
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

Germany's steel production remained weak in the first half of the year

The production activity of steel and metal manufacturing companies in Germany decreased in the first half of 2023 and, according to WSM, the prospects do not look optimistic either.

Germany's steel production remained weak in the first half of the year

Production decreased by 1.9 per cent compared to the first half of 2022, representing around 5,000 companies, the majority of which are small and medium-sized enterprises (SMEs).

SMEs are particularly affected by the economic slowdown, says WSM. "The automotive industry is slowly recovering, but its suppliers are lagging behind," says WSM economist Holger Ade in a statement.

Managing Director Christian Vietmeyer emphasises the responsibility of politicians to restore confidence among SMEs, which he says are the source of German wealth. He reiterates his call for controlling electricity prices, which are a major concern for the country's manufacturing industries.


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

US tariffs on China create new opportunities for Vietnam

Saturday, July 13, 2024

New era in EU steel quotas : Türkiye hits capacity on 4 products

Thursday, July 11, 2024

POSCO increases prices for Japanese steel scrap imports

Saturday, July 13, 2024

Çolakoğlu turns to sustainable steel production projects

Saturday, July 13, 2024

Russian steel production decreased by 4% in June

Thursday, July 11, 2024
Follow List
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