German crude steel production increases in Dec 2020

28/01/2021

According to statistics, German crude steel output in December 2020 was 3.14 million tons, an increase of 10.7% from 2.84 million tons in the same period in 2019. This was also the third consecutive month of growth. In terms of sheet products, German sheet output in December was nearly 2.4 million tons, an increase of 10.3% over the same period in 2019.

For long products, German long product output was 750,000 tons in December, an increase of 12% over the same period in 2019.

The lack of domestic and overseas sheet supply in Germany will support the price increase in the fourth quarter of 2020.

In 2020, due to the lockdown measures of COVID-19, market transactions were sluggish, resulting in a low production volume of European steel mills.

Germany produced roughly 35.7 million tons of crude steel in 2020, down by 10% year on year, which was the third consecutive year of reduction and the latest low point of the economic crisis after 2009.

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