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Steel sales in Germany increased around 74 percent in January

According to the German steel shareholders' association data, steel sales in Germany reached 807.924 million tonnes, with an increase of approximately 74% in January sales of German steel distributors.

Steel sales in Germany increased around 74 percent in January

According to the German steel shareholders' association data, steel sales in Germany reached 807.924 million tonnes, with an increase of approximately 74% in January sales of German steel distributors.

BDS data indicates that steel sales decreased by 3.4% compared to the whole of 2023, while steel sales increased by 74% in January. It was reported that stocks decreased with the increase in steel sales in January, and distributors avoided restocking due to the recession in the sector.

According to data, flat-rolled steel accounted for 535,192 mt of sales in January, while long-rolled product increased by 42% to 203.901 million tonnes in January.

According to our sources, compared to the 74% increase in January, demand is expected to fall due to the recession in construction and agriculture.

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