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22 Dec
14:22

German crude production hits low

German mills in November produced 2.78 million tonnes of crude steel, which is the lowest value since the first Covid-induced recession in July 2020, Kallanish hears from steel federation WV Stahl. The figure means a reduction of 18% compared with November 2021. It also means another recession from October, when the output, 3.14mt, was 14% below that of the corresponding month 2021. One factor for the continued decline is that the stoppage of blast furnaces has be…
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