Germany's crude steel production tumbles by 27% in May, WV Stahl says
Published: Thursday, 25 June 2020
Crude steel production in Germany fell by 27% year-on-year in May 2020, following a 24% drop in April due to output adjustments made by mills to address the Covid-19-driven deterioration in steel demand, German steel federation WV Stahl said on Wednesday June 24.
Germany’s mills produced 2.56 million tonnes of
crude steel in May, down from 3.51 million tonnes in the
corresponding period of 2019, WV Stahl said.
The decrease was due to the substantial drop in demand for
steel products, especially from the automotive industry, which
is the second-largest steel-consuming sector after...