Are you sure?

German steel production drops to lowest level since 1950s

  German steel production has dropped to the lowest level since 1950s, as the whole economy slid into recession from last year, according to the data released on Tuesday.

German metallurgical plants produced 1.28 million tons of pig iron and 2.10 million tons of raw steel in March 2009, reported by the Federal Statistical Office (Destatis) on Tuesday, which was 50.3% less pig iron and 49.8% less raw steel than in March 2008.

It was the lowest level since 1950s, which was caused by the recession of German economy started last year, according to the report of local news agency, DPA. Destatis said, that is the highest decrease of pig iron and raw steel production compared with the previous year since German reunification.

Compared to February, the production of pig iron and raw steel dropped by 17.5% and 14.2% separately, while the total production in the Q1 of 2009 dropped by about 40% compared with the same period of last year. (Xinhua)