Germany, with annual production of almost 43 million tonnes of crude steel in 2014, is the world’s seventh-largest steel producer and the largest in the European Union (EU 28). Germany is responsible for 2,6 per cent of world production, or a quarter of crude steel production in the EU. With 17.2 billion euros, the steel industry in Germany is responsible for about 30 per cent of the value creation achieved by the European steel industry.