Open Access

Mohammadreza Memarianpour

• This thesis analyses the total production cost of the German steel industry from 2019 to 2022, as well as a projection of the German steel industry's total production cost until 2030. The research separates the costs of steel production into their primary components, such as raw materials, energy, CO2 cost, capital expenses and operating expenses. The cost of steel production is determinedThis thesis analyses the total production cost of the German steel industry from 2019 to 2022, as well as a projection of the German steel industry's total production cost until 2030. The research separates the costs of steel production into their primary components, such as raw materials, energy, CO2 cost, capital expenses and operating expenses. The cost of steel production is determined separately for primary steelmaking with the blast furnace and basic oxygen furnace (BF-BOF) and secondary steelmaking with the electric arc furnace (EAF). The analysis indicates that, following the COVID-19 disaster and the fuel crisis, the overall cost of producing steel in Germany has progressively risen over the previous few years, reaching its peak in the first half of 2022. In addition, there are considerable disparities between the production costs of primary and secondary steelmaking processes, with primary steelmaking generally being more expensive. In this analysis, the total cost of production for the German steel industry in the year 2030 has been estimated by taking into account historical trends as well as other predictions that are currently available. This thesis provides overall insights on the economics of the German steel sector. By giving thorough information on production costs and changes over time, this research can assist guide crucial future investment decisions in this essential industry. To ensure long-term success, our findings emphasize the significance of investing in more sustainable and ecologically friendly steel production processes.…