Germany increased steel production by 7.7% m/m in October

In October 2024, German steelmakers increased steel production by 7.7% compared to the previous month to 3.22 million tons. Compared to October 2023, the figure increased by 14.7%. This was reported by the German steel association WV Stahl.

Steel production in converters in October increased by 14.1% m/m and 13.1% y/y to 2.27 million tons, and in electric arc furnaces (EAF) – fell by 4.9% m/m and increased by 18.6% y/y – to 947 ths tons.

Pig iron production increased by 11.3% m/m and 9% y/y – to 2.03 million tons. Germany produced 2.77 million tons of rolled steel, up 7.4% m/m and 7.1% y/y.

In January-October, Germany increased steel production by 5% y/y – to 31.58 million tons, including 2.6% y/y in converters to 22.23 million tons, and 11.1% y/y in EAF to 9.32 million tons. Pig iron production increased by 2.3% y/y – to 20.4 million tons. Rolled steel production increased by 3.6% y/y – to 27.02 million tons.

As GMK Center reported earlier, Germany is among the ten largest steel producers in the world according to World Steel. In 2023, the country decreased steel production by 3.9% year-on-year – to 35.4 million tons, ranking 8th in the global ranking of producing countries.

Steel production in converters decreased by 0.9% y/y – to 25.63 million tons, and in electric arc furnaces by 10.8% y/y – to 9.81 million tons. Pig iron production decreased by 0.9% y/y – to 23.63 million tons. Rolled steel output amounted to 30.64 million tons, down 3.6% y/y.

Source:GMK Center