CURRENT AFFAIRS

Detailed explanation-1: -Biggest companies in the Iron & Steel Manufacturing industry in Germany. IBIS World covers 4 companies in the Iron & Steel Manufacturing in Germany industry, including Thyssenkrupp Steel Europe AG, ArcelorMittal S. A. (Deutschland), Salzgitter AG and Hüttenwerke Krupp Mannesmann GmbH.

Detailed explanation-2: -Thyssenkrupp is Germany’s largest steelmaker, and the company’s Duisburg steel production site alone accounts currently for 2% of Germany’s CO2 emissions.

Detailed explanation-3: -Germany is one of the world’s leading manufacturers of steel, with production concentrated in the Ruhr region; however, since the peak output of the early 1970s, a number of plants have closed.

Detailed explanation-4: -According to World Steel, Germany is one of the ten largest steel producers in the world. In 2021, the country increased output of steel by 12.3% compared to 2020 – up to 40.1 million tons, ranking 8th in the world ranking of producers.