Metallurgy Germany works at a loss

Analysis of the situation in the metallurgical market of Germany is quite comfortable. The increase in the production of alloy steel and a decrease in demand lead to losses. According to Salzgitter, its losses over the nine months of this year have grown by almost eight times and reached 382 million euros. The reason is the overproduction of steel rolling and falling demand for large diameter pipes.

Dillinger Hütte produces thick sheet steel. As a result of a fall in demand, she was forced to stop some enterprises and begin to reduce the staff of employees.

The Aurubis concern, the largest manufacturer of pure copper in Germany incurs losses, the figure indicated in the report of more than 22 million euros. One enterprise is completely stopped, copper strip rental has no demand in the non -ferrous metals market. Voerde aluminium aluminum production, went bankrupt. Creditors wanting to return their costs, want to sell the company and without breaking it out of operation.

The commercial group of Alutek from Belarus acquired the German company Günther-Tore, which was the largest manufacturer of large-sized metal gates. Buyers said that in two years they will be able to double the turnover. So maybe it is not in the economic crisis, but in managerial personnel.

Belarus and Ukraine continue to surprise Europeans with their achievements in production and successes in the market of metals. Although the drop in demand for ore materials also affected Ukrainian miners. Krivorozhsky GOKs are forced to sell ore at minimal prices. Let's hope that the associative membership of Ukraine in the European Union will change the situation.