August 22, 2008

German steel in Q1 of 2008 reach highest level in 17 years

According to the German Steel Federation, Germany Q1 output for steel industry is likely to be 13.5 million tonnes of steel, which would be the highest quarterly output since the reunification of Germany in 1991.

The steel federation said in the first two months of 2008 alone, orders were up about 18% YoY.