German crude steel output increase both annually and monthly

German crude steel output increase both annually and monthly

According to the data released by the Federal Statistics Office, Germany's crude steel production amounted to 3.9 million tons in July, up by 10% compared to the same period of last year. In the same period, pig iron production rose by 6.4% from a year earlier to 2.6 million tons. On a month-on-month basis, production of crude steel and pig iron soared by 0.4% and 3.6% respectively. In the first seven months of the year, crude steel production surged by 2.5% on an annual basis while the increase in pig iron production was recorded as 0.5%.