11,024.33 TRY BIST 100 BIST 100
4.57 CNY CNY CNY
32.97 USD USD USD
35.87 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
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)

Steel production in Germany increased by 4.4% in February

Germany's steel production increased by 4.4% in February 2024 compared to February 2023, reaching 3.12 million tons.

Steel production in Germany increased by 4.4% in February

According to WV Stahl, steel producers in Germany increased their steel production by 4.4% in February 2024 compared to February 2023, reaching 3.12 million tons.

It also increased by 1.8% compared to the previous month, January 2024.

Monthly steel production in converters increased by 5.1% compared to the previous year. Compared to January, a 2.6% decrease was observed and 2.15 million tons was reached.

When examined on an annual basis, steel production in converters decreased by 0.9% to 25.63 million tons, and in electric arc furnaces it decreased by 10.8% to 9.81 million tons on an annual basis. In January-February, Germany increased its steel production by 4.6% annually to 6.19 million tons, converters by 4.3% to 4.35 million tons, and EDP by 5.6% annually. It was stated that it increased to 1.84 million tons.

It is stated that pig iron production in the country increased by 6.4% annually, but reached 2.03 million tons with a monthly decrease of 1%, while in Germany, rolled steel production increased by 8.4% annually and at the same time monthly. It was observed that it reached 2.85 million tons, with an increase of 4.7%. It was noted that there was a decrease in production volumes in 2023 and a slight increase in the first two months of 2024.

Germany, one of the world's largest steel producers, will reduce its steel production by 3.9% in 2023 compared to 2022, to 35.4 million tons, and thus rank 8th in the World Steel Production list. The country will experience an increase in steel production by 2024. It is wondered what kind of results it will achieve when it is completed this year and where it will rank on the list.

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

Colombian iron and steel exports increase in volume but decline in value

Wednesday, July 10, 2024

ASEAN-6 region saw an increase in total scrap demand

Wednesday, July 10, 2024

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

Thursday, July 11, 2024

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Thursday, July 11, 2024

Steel production on the increase in Spain!

Thursday, July 11, 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