08
May
16:21
German fabricators concede business decline in 2019
Following some years of increases, Germany’s steel and metal working industry saw production drop in 2019 by -4.6% year-on-year, according to its federation, Wirtschaftsverband Stahl- und Metallverarbeitung (WSM).
The negative trend became apparent over the course of the year: While the first quarter was still very much on par with Q1 2018, the fourth quarter saw an on-year drop of -7.6%. December, most notably, saw a drop of -9.5%, Kallanish learns from WSM…
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Anonymous
Very good overview of the weekly steel market.
Anonymous