German crude steel production decline slows further in September, WV Stahl says

Crude steel output in Germany continued to fall in September but the pace of decline is slowing, while output from electric-arc furnaces (EAFs) has shown positive dynamics for the first time since February, German steel federation WV Stahl said on Wednesday October 21.

Crude steel production in Germany has been declining since the beginning of 2020 due to the effects of the Covid-19 pandemic on the steel industry.
Despite lockdown restrictions being eased and producers bringing capacities back online, output still remains reduced, market sources said.

In September, German crude steel production totaled 3.02 million tonnes, down by 9.7% from 3.34 million tonnes in the corresponding period of 2019. Yet the pace of decline has slowed compared with August, when local...

Published

Julia Bolotova

October 21, 2020

09:34 GMT

Dnipro