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German crude steel production drops sharply in June: WV Stahl

Spglobal - June marks the third consecutive month of "significant" decreases in output from Europe's largest steel-producing country.
"The negative effects of the coronavirus crisis on German crude steel production are clear to see," WV Stahl said.

German crude steel production using blast furnaces shrank 35.8% year on year in June to 1.53 million mt, while production using electric arc furnaces fell 7.3% to 941,000 mt.

In the second quarter, crude steel production was down 26% on the year, after a 6% drop in Q1. Total crude steel production in the first half of 2020 was 17.46 million mt, 15.7% lower than a year earlier.

Pig iron production plummeted 34.5% on the year in June to 1.45 million mt, taking the H1 total to 10.9 million mt, an 18.2% fall from H1 2019.

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