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German Steel sector expects higher 2015 output despite Q1 slip

The German Steel Federation said that Germany’s steel sector will see growth pick up in coming months as manufacturers such as ThyssenKrupp and Salzgitter benefit from the weak euro and increasing demand from the auto industry.



Mr Hans Juergen Kerkhoff president of GSF said that “Despite a two percent drop in production in the first quarter, the association expects annual output from German steel producers to rise by one percent to 43.3 million tonnes this year.

Source : ECONOMIC TIMES

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