“Stable steel industry in Germany”

The German steel industry has remained stable in a difficult global environment, according to a report by the Rhineland-Westphalia Institute for Economic Research (RWI). “The capacity utilisation of the steel industry increased to 89 percent in the first half of this year. When compared internationally, that’s an exceptionally high value,” said Roland Döhrn, head of RWI's macroeconomics and public finance department, according to a press release. Globally, capacity utilisation was at 65 percent, the lowest value since the recession in 2008/09, RWI says. Because of continued intensive global competition, RWI sees the German steel industry under pressure to adapt and anticipates a slight decline in the employment in the sector.

Read the press release in German here.