In addition to the humanitarian crisis brought about by the war in Ukraine, the situation is also causing high levels of economic uncertainty, particularly in the raw materials and energy markets. The reason for this is that both Ukraine and Russia are among the world's most important suppliers of raw materials and energy. The invasion of Russian troops into Ukraine at the end of February has far-reaching effects on German and European industry, including steel recycling companies. The Federal Association of German Steel Recycling and Waste Disposal Companies BDSV is therefore calling on politicians to initiate financial relief for affected companies as quickly as possible so that the climate protection goals laid down in the EU Green Deal can be achieved.BDSV General Manager Mr Thomas Junker said “The steel recycling industry is particularly affected by the already extremely high energy costs. Electricity costs are currently highly volatile in response to Russia's attack on Ukraine. While the electricity price (here monthly product base May 2022) at the beginning of the Ukraine war on February 24, 2022 was still around €200/MWh (20 ct/kWh), it jumped from March 8 to 9, 2022 395 €/MWh to up to 620 €/MWh, only to then slide back down to 440 €/MWh. These price increases are a major burden for our member companies, because steel recycling requires large amounts of energy in order to be able to produce and supply valuable raw materials for the steel industry and foundries.” There are also currently enormous price increases in the primary energy sector. For example, natural gas is around four times as expensive as it was a year ago.”BDSV President Mr Andreas Schwenter emphasized “Companies from the steel recycling industry make a valuable contribution to the circular economy and thus to the urgently needed decarbonization of the industry. However, they can only fully fulfill this important task if the energy supply is secured and energy can be purchased at reasonable prices. This requires support from politicians in order to noticeably relieve the burden on companies and to get effective instruments on the way to lowering energy prices.” From the point of view of the BDSV, it is also about securing the existence of a future-oriented industry,
In addition to the humanitarian crisis brought about by the war in Ukraine, the situation is also causing high levels of economic uncertainty, particularly in the raw materials and energy markets. The reason for this is that both Ukraine and Russia are among the world's most important suppliers of raw materials and energy. The invasion of Russian troops into Ukraine at the end of February has far-reaching effects on German and European industry, including steel recycling companies. The Federal Association of German Steel Recycling and Waste Disposal Companies BDSV is therefore calling on politicians to initiate financial relief for affected companies as quickly as possible so that the climate protection goals laid down in the EU Green Deal can be achieved.BDSV General Manager Mr Thomas Junker said “The steel recycling industry is particularly affected by the already extremely high energy costs. Electricity costs are currently highly volatile in response to Russia's attack on Ukraine. While the electricity price (here monthly product base May 2022) at the beginning of the Ukraine war on February 24, 2022 was still around €200/MWh (20 ct/kWh), it jumped from March 8 to 9, 2022 395 €/MWh to up to 620 €/MWh, only to then slide back down to 440 €/MWh. These price increases are a major burden for our member companies, because steel recycling requires large amounts of energy in order to be able to produce and supply valuable raw materials for the steel industry and foundries.” There are also currently enormous price increases in the primary energy sector. For example, natural gas is around four times as expensive as it was a year ago.”BDSV President Mr Andreas Schwenter emphasized “Companies from the steel recycling industry make a valuable contribution to the circular economy and thus to the urgently needed decarbonization of the industry. However, they can only fully fulfill this important task if the energy supply is secured and energy can be purchased at reasonable prices. This requires support from politicians in order to noticeably relieve the burden on companies and to get effective instruments on the way to lowering energy prices.” From the point of view of the BDSV, it is also about securing the existence of a future-oriented industry,
