Germany's steel production decreased by 7%

Germany’s steel production decreased by 7%

Germany's steel production decreased by 7% in June due to mills' output reduction in order to support the price drop. According to the reports released from federal statistical office, Germany's pig iron production during the month of June amounted to 2.4 million tons, which is 5.6% less than the production recorded in the same month of last year. Crude steel production was 3.6 million tons in June. Furthermore, the liquid steel production decreased by 7% compared to same period last year. Germany's steel production decreased by 8% against May output of 3.95 million tons. In addition, in the first six month the crude steel production was up by 2.6% to 23 million tons while pig iron production increased by 4.6% to 15 million tons.