German crude steel output up by 34pct YoY

January 12, 2011

The German economy continued to recover from the recession. Crude steel output in Germany climbed to 3.2 million tonnes in December 2010, up by 4.5% YoY.
The German Steel Federation said that crude steel output in Germany climbed to 3.2 million tonnes in December 2010, up by 4.5% YoY as the economy continued to recover from the recession.
Over the full year 2010, production in Germany rose 34.1% to 43.8 million tonnes of steel versus the previous year, when demand was heavily burdened by the financial crisis.
Capacity utilization in 2010 averaged 84% in Germany, beating the 78% average recorded globally.
The federation wrote in a statement that "For next year, crude steel production in Germany is expected to continue rising, by around 2% to 44.5 million tonnes, in line with the unchanged recovery in the wider economy."
source:steelguru