March output of crude steel & pig iron fall in Germany

March output of crude steel & pig iron fall in Germany

Based on the data released by Federal Statistics Office, Germany's crude steel production amounted to 4.04 million tons in March, down by 2.4% compared to the same period of last year. However, crude steel production increased by 8.4% compared to February. In the aforementioned period, production of pig iron also decreased by 4.5% to 2.6 million tons compared to March 2003, but up by 4.6% compared to February. Production of crude steel was up by %0.9 in the first three months of 2004 while pig iron production fell by 0.6%.