Germany's crude steel production tumbles by 27% in May, WV Stahl says

Crude steel production in Germany fell by 27% year-on-year in May 2020, following a 24% drop in April due to output adjustments made by mills to address the Covid-19-driven deterioration in steel demand, German steel federation WV Stahl said on Wednesday June 24.

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.
The decrease was due to the substantial drop in demand for steel products, especially from the automotive industry, which is the second-largest steel-consuming sector after construction.

A large number of end-users, particularly automotive manufacturers, halted operations in March amid the spread of the Covid-19 pandemic. Although most resumed operations...

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