Its name has been synonymous with steel now germanys to some group is plowing deeper into difficulties the Company Posted a 300000000 euro last for the past fiscal year 5 times higher than the year before Steel Production has turned into a big problem for the steel giant too much susceptibility to economic swings too much fluctuation in revenue and too much cheap chinese competition stuck in the worst prices in its history the company is trying to find a way out. And do support germany steel recently launched a pioneering project the use of hydrogen in a splash furnish instead of the usual coal dust is part of just encrypts effort to acquire green creds by making its Steel Production more Climate Friendly it aims to reduce c o 2 emissions by at least 80 percent by 2050 but that requires investment and to. Group is undergoing the biggest crisis in its history the surge of cheap steel from china has marked recent years with losses and high debt the board is currently being restructured t
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