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Two-Year Low for German Steel Output

Steel

German crude steel production dropped to a two-year low of 2.9 Mt in August, down by 2.3% year-on-year, the country’s steel federation reports, after mills curtailed operations in the face of surging energy costs and softer demand. Following six consecutive months of annual declines, output in January-August was 4.8% lower at 25.4 Mt.