Germany's crude steel and pig iron output fall in October

Germany’s crude steel and pig iron output fall in October

The Federal Statistics office announced that Germany's crude steel production amounted to 3.85 million tons in October with a decline of 0.4% compared to the same period of last year while pig iron production was recorded as 2.38 million tons, down by 3.1%. On a month-on-month basis, crude steel production dropped by 0.9% in October and pig iron production also fell by 3.2%. In the first ten months of the year, crude steel production reached 38.8 million tons with a rise of 3.8% from a year earlier while pig iron production rose by 1.9% to 24.9 million tons.