In April 13,
the German Steel Association noted that since like ThyssenKrupp and Salzgitter such steelmakers benefit from a weak euro and
the automotive industry to increase demand for steel, in the coming months, the
steel production of Germany
will increase.
Chairman of German
Steel Association, HansJuergenKerkhoff noted that steel production in the first
quarter decreased by 2% in Germany,
but Germany's
steel production is expected to grow by 1% this year, reaching 43.3 million
tons. Due to cheap steel imports surge in recent years EU has lost a lot of
market share.
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