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July 10 reported that the German iron and steel Economic Federation said in a news release the same day in Düsseldorf, due to orders shrink serious, the German steel industry, predators such as such as  Salzgitter this year production targets convertingachieved. The economic boom Buzhang foreign Jiaou debt crisis, factors plagued the development of the German steel industry, many companies no other choice than to shut the furnace went out of business.

Reported that the German steel production fell 6 percent in the first half of this year to 21.9 million tons, 44 million tons is expected to fear this year will be reduced. Iron and Steel Association said that, following the first two years of growth, the German steel industry is facing stagnation, the German iron and steel production reached 44.3 million tons last year. Leader in enterprise Arcelor the Thar since the second half of last year, suffered orders shrank compression order, the customer due to the economic development situation of uncertainty.

Southern European countries suffered the severe impact of the debt crisis decline in demand, some orders even halt the basic, such as before the outbreak of the Spanish steel consumption relative crisis level to drop more than 50%. Exception of Germany benefit from the machinery and automotive industries Zouwang order demand to maintain a high level.