Germany's crude steel output further shrivel in May due to Covid-19 impact
30 Jun 2020 14:10 reported by Alex Lo
According to the announcement from the German Steel Federation (WV Stahl), the total output of crude steel in Germany this May was around 2.6 million tons, decreased by 27% year on year.
In April, the output had already faced a 24% annual decline on its crude steel in Germany, and WV Stahl also warned that the demand might further shrivel, even less than the financial crisis’ level in 2009.
The main reason for this dramatically weak demand for crude steel in Germany was caused by the epidemic of Covid-19, and the market participants also hoped the virus could really ease thoroughly.
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