Market Information Wednesday 25 June 2025

The World Steel Association announced yesterday that 158.8 million tons of steel were produced globally in May, representing a decrease of 3.8 percent compared to the same period last year. China, the largest producer, experienced a 6.9 percent drop in production compared to May 2024, while Germany reported a reduction of 6.4 percent. The United States and India, however, recorded increases in their steel production of 1.7 percent and nearly 10 percent, respectively.

German entrepreneurs are more optimistic about the future in June compared to May, according to figures published yesterday by the Ifo Institute. The composite index for trade and industry sentiment reached 88.4, while economists had predicted 88.0. The subindex for current business conditions rose from 86.1 to 86.2, whereas the subindex for business expectations significantly increased from 89.0 to 90.7.

In the first quarter of 2025, the Dutch economy demonstrated stronger growth than initially expected, according to new figures from Statistics Netherlands. The quarterly growth reached 0.4 percent, exceeding the earlier estimate of 0.1 percent. The CBS attributed this revision to positive corrections in the trade surplus and household consumption. The annual growth rate of 2.2 percent also exceeded the previously anticipated 2.0 percent.

The 6M Euribor is unchanged at 2.04% compared to previous business day. The 10Y Swap increased with 3 basis points to 2.56% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.