Germany raises iron and steel production in 2003
The latest news from the industry reveals a growth of production in the iron and steel industry of Germany. This is appreciated as good news as Germany has been experiencing problems of an economic slowdown, lately. According to latest reports, in the first two months of year 2003, the total iron production amounted to a total of 4.96 million tons, which is up by 11.1% as compared to the same period of 2002. Meanwhile, total steel production during the months of January an February amounted to a total of 7.43 million tons, which is up by 7.4% versus same two-months period of 2002. Only in February, Germany produced 3.61 million tons of crude steel, 3.3% higher than the previous year same period tonnage. January 2003 production was 3.8 million tons, 11.4% higher than the January 2002 crude steel production.