According to the German steel federation Wirtschaftsvereinigung Stahl, the upward trend in the German steel market has continued to the beginning of 2011. In the first quarter of 2011, rolled steel orders in Germany rose by 4% YoY, reaching 10.98 million tonnes, up by 13% QoQ.
Stimulus came especially from Germany's domestic market (up by 10% YoY), totaling 7.17 million tonnes, while foreign orders decreased by 6%, amounting to 3.81 million tonnes.
The German steel federation said that the reason for this is presumably the very robust economy in Germany in comparison to most other countries of the European Union.
German rolled steel deliveries in the first quarter rose sharply to 9.94 million tonnes from 8.89 million tonnes in Q4 2010 and up from 9.27 million tonnes in Q1 2010.
Source: SteelOrbis.com
×
