Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Germany’s crude steel production in April dropped by 23.9pc on an annual basis to 2.56mn mt, according to German Steel Federation (Wirtschaftsvereinigung Stahl). 


The production decline occurred mainly because the COVID-19 pandemic’s ongoing detriment to the economy. Last month marked Germany’s lowest monthly crude production total since June 2009. 


Between January and April, the country’s crude steel output declined by 10pc to 12.41mn mt from the same four-month period in 2019. Hot rolled steel production in April also dipped by 27pc to 2.1mn mt from a year earlier, while hot rolled steel production through the first four months of the year decreased on an annual basis by 8.1pc to 10.9mn mt.


Germany witnessed a 25pc fall in its pig iron output to 1.65mn mt in April 2020 from the same month in 2019, and saw a 11.2pc drop to 7.9mn mt between January and April compared to the same period in 2019.


Last month, the country’s electrical steel production decreased by 16.1pc to 824,000mt from April 2019, while its output through the first four months of 2020 fell by 5.2pc to 3.9mn mt compared to the same period last year. 


Oxygen steel output in April 2020 decreased by 27pc from a year ago to 1.7mn mt, while through the first fourth months of 2020 it dropped by 12pc on an annual basis to 8.5mn mt.

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