According to data from the German Steel Federation (WV Stahl), in May, German pig iron output decreased by 3.3% from the same month a year ago to about 2.03 million tons. Meanwhile, crude steel production also declined by 1.9% year on year to around 3.19 million tons. Both pig iron and crude steel output has declined year on year for the five consecutive months.

In addition, in the first five months of this year, Germany produced pig iron and crude steel with about 10.44 million tons and 16.17 million tons, growing by 2.4% and 3.7% year on year, respectively.

The German economy performed poorly compared to other European countries, particularly in manufacturing. The German steel industry is anticipated to continue facing significant challenges, hindering the achievement of last year's high production capacity rates.