In 2012, raw steel production in Germany slid 3.7% on the year to 42.7 million tons, but production in the last month of the year increased by 1.4% to 3.06 million tons, signaling the decline in production could be coming to an end.
Production in the fourth quarter of 2012 also increased after four consecutive quarters of contraction, reaching a growth rate of around 1% for a total of 10.2 million tons produced.
The industry group Wirtschaftsvereinigung Stahl confirmed its stable outlook for 2013 and said a slight increase to around 43.0 million tons could be possible.
German raw steel capacity utilization was around 84% in 2012, slightly above worldwide levels of about 79%, the industry group added.
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