German Crude Steel Production in June 2020 Impacted by COVID19
German crude steel production using blast furnaces shrank 35.8% year on year in June to 1.53 million tonnes, while production using electric arc furnaces fell 7.3% to 941,000 tonnes. German association WV Stahl said "The negative effects of the corona crisis on crude steel production in Germany are clearly visible. In June, crude steel production fell 27 percent compared to the same month last year after there were already severe declines in April and May. In the second quarter of 2020, production was 26 percent below the level of the previous year after having dropped by 6 percent in the first quarter. This means that steel production in the first half of 2020 is around 16 percent below the same period in the previous year.”