BERLIN (Scrap Register): Crude metal manufacturing in Germany fell by 27 p.c in Could in comparison with the identical month final 12 months, the German Metal Federation (WV Stahl) introduced.
Germany’s mills produced 2.56 million tonnes of crude metal in Could, down from 3.51 million tonnes within the corresponding interval of 2019, WV Stahl mentioned.
In April, crude metal manufacturing in Germany had already dropped by 24 p.c and WV Stahl warned that “demand for metal might shrink to a good decrease degree than throughout the 2009 monetary disaster.”
The COVID-19 disaster would “hit the business at a time when it was already weakened by the financial downturn” in necessary buyer industries, WV Stahl said.
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