Reportedly, Germany’s iron and steel industry has gotten rid of the crisis and the steel output in this year is expected to reach 44 million tons, up by 35% year on year.

This year, the start rate of Germany’s iron and steel industry has reached 83%, higher than that of 62% in last year.

Meanwhile, Germany’s steel order volume has enjoyed a pick-up of 11% in September; accordingly, it is expected to keep going up probably in the following a few months.

However, the chairman of the German Iron and Steel Institute (VDEh) indicated that Germany would face the low price competiveness from China in the future, since China’s has a surplus of production around 200 million tons. Moreover, China’s increasing imports of iron ore has pushed the iron ore price to raise.

Consequently, he worried about the Germany’s development of industry.