BERLIN (Scrap Register): Crude steel production in Germany fell by 27 percent in May compared to the same month last year, the German Steel Federation (WV Stahl) announced.
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.
In April, crude steel production in Germany had already dropped by 24 percent and WV Stahl warned that “demand for steel could shrink to an even lower level than during the 2009 financial crisis.”
The COVID-19 crisis would “hit the industry at a time when it was already weakened by the economic downturn” in important customer industries, WV Stahl stated.
