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German steel and metal processing industry is expected to grow by 3%-4% in 2012
The German Iron and Steel and Metals Industry Association (WSM) announced that in November 2011, German steel and metal processing industry output increased by 12.6% year-on-year, and sales were flat on a quarter-on-quarter basis, up 6.5% year-on-year. Among them, foreign business increased by 5% year-on-year, domestic business increased by 7.1%; domestic orders decreased by 4.1% year-on-year, and foreign orders decreased by 4.3%. In the first 10 months of 2011, the number of employed people in the industry increased by 18,600. WSM predicts that the industry's production growth in 2011 is expected to reach 12%, sales of about 80 billion euros. In 2012, the industry's production is expected to increase by about 3%-4%.