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Try the Free AI Search EnginePositive Steel Market Outlook in Germany Amid Operational Adjustments at Thyssenkrupp
Germany’s steel market sentiment remains Positive despite recent operational disruptions at Thyssenkrupp’s electrical steel plants, as reported in “Thyssenkrupp Electrical Steel to suspend operations at two plants in Germany and France” and “Thyssenkrupp stops production of Electric steel in Gelsenkirchen and Isberg.” These changes correlate with a notable drop in activity levels at ThyssenKrupp Steel Duisburg, reflecting broader market challenges driven by a surge in cheap imports.
ThyssenKrupp Steel Duisburg observed activity levels decline from 58% in June to 48% in October, reflecting operational challenges associated with increasing import pressures. This decline is particularly significant given the plant’s critical role in producing a range of steel products for automotive and energy sectors. Conversely, AG der Dillinger Hüttenwerke has shown relative stability, peaking at 39% in October, likely benefiting from its diverse steel offerings.
Riva Hennigsdorfer Electric Steel Works reported activity levels consistent with instability, with noted high reliance on market conditions affecting electrical steel demand, as highlighted in the news. No direct connection could be established between current activity levels and the announcements regarding Thyssenkrupp’s operational changes.
The anticipated production halts and capacity reductions at ThyssenKrupp’s Gelsenkirchen facility, mainly impacting the electrical steel segment, present a potential supply disruption for sectors dependent on high-quality electrical steel. Steel buyers are advised to reconsider procurement strategies in anticipation of possible shortfalls in this segment, particularly as global demand for electrical steel is projected to triple by 2050.
In light of these developments, steel procurement professionals should grow their supplier bases, emphasizing local sources to mitigate risks tied to potential import difficulties. Actively assessing procurement strategies in response to the evolving landscape can safeguard against disruptions linked to Thyssenkrupp’s adjustments while capitalizing on the overall positive market momentum in Germany.