The annual conference of the Federal Association of German Steel Recycling and Disposal Companies BDSV is taking place fully digitally for the second time this year. On the occasion, the top representatives of the BDSV commented on the current situation in the industry, presented the new Fraunhofer IMW study “Schrottbonus Konkret” and reported on other environmental issues saying in part that steelmakers in German are using more scrap due to the rising costs for CO2 certificates and to compensate for the likewise sharp rise in iron ore prices.In its economic report, BDSV says supply chain-related problems in the automotive sector and other industries have so far not been reflected in the order books of the steel industry, with crude steel production in Germany still pointing upwards. In the course of the year to date, steel production has increased by 15 percent to 33.6 million tonnes and has led to a correspondingly higher demand for scrap as German steel producers used more scrap because of lofty iron ore prices and the goal of lower carbon-emissions production.BDSV said “The high demand for scrap met a very tight supply, especially in the area of prompt] scrap. Persistent delivery bottlenecks for intermediate products and steel led in some cases to production stops in industry and thus to a reduced volume of [prompt] scrap. As a result, the gap between the price of prompt and obsolete scrap in Germany widened, as it has in the United States.”
The annual conference of the Federal Association of German Steel Recycling and Disposal Companies BDSV is taking place fully digitally for the second time this year. On the occasion, the top representatives of the BDSV commented on the current situation in the industry, presented the new Fraunhofer IMW study “Schrottbonus Konkret” and reported on other environmental issues saying in part that steelmakers in German are using more scrap due to the rising costs for CO2 certificates and to compensate for the likewise sharp rise in iron ore prices.In its economic report, BDSV says supply chain-related problems in the automotive sector and other industries have so far not been reflected in the order books of the steel industry, with crude steel production in Germany still pointing upwards. In the course of the year to date, steel production has increased by 15 percent to 33.6 million tonnes and has led to a correspondingly higher demand for scrap as German steel producers used more scrap because of lofty iron ore prices and the goal of lower carbon-emissions production.BDSV said “The high demand for scrap met a very tight supply, especially in the area of prompt] scrap. Persistent delivery bottlenecks for intermediate products and steel led in some cases to production stops in industry and thus to a reduced volume of [prompt] scrap. As a result, the gap between the price of prompt and obsolete scrap in Germany widened, as it has in the United States.”
