U.S. News

German April crude steel output more than doubles


FRANKFURT, May 10 (Reuters) - Crude steel output in Germany more than doubled to 3.88 million tonnes in April from 1.87 million tonnes in the year-earlier month, when the financial crisis was at its worst, the German Steel Federation said. Capacity utilisation in April topped 90 percent for the second month in a row. The manufacturers' association in the world's seventh-biggest steelmaking country said on Monday April's 107.2 percent output jump reflected weak comparisons and that growth rates would come down as the year went on. Crude steel production rose 61.9 percent to 14.82 million tonnes in the first four months of the year. The data come two days before the country's biggest steelmakers, ThyssenKrupp and Salzgitter, report quarterly results. (Reporting by Michael Shields; Editing by Hans Peters) Keywords: STEEL/GERMANY (michael.shields@thomsonreuters.com, Reuters Messaging: michael.shields.reuters.com@reuters.net; +49 69 7565 1266) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.