Skip to main content

10% turnover losses for German steel recyclers

Germany – Although Germany’s steel recycling industry is facing turnover losses of up to 10% for 2013, there is optimism about 2014, the confederation of German steel recyclers, BDSV, confirmed during its annual meeting in Berlin last week.

The majority of Germany’s steel recyclers want to ‘tick off’ the year 2013 as soon as possible, according to a survey conducted among BDSV member companies. Compared to 2012, steel recycling operations expect a turnover loss of 10% while volumes have declined by 5%, it says.

At least 21% of respondents expect business to run better in the coming year, BDSV confirms. But according to its president Heiner Gröger, recovery activity is being discouraged by the ongoing economic crisis in the Eurozone, environmental restrictions, and tightened recycling and collection laws in Germany. Indeed, he called on the German government to revise these laws.

BDSV represents 550 steel recycling companies which produced Euro 19.6 billion worth of steel scrap last year.

Don't hesitate to contact us to share your input and ideas. Subscribe to the magazine or (free) newsletter.

You might find this interesting too

Sustainable ship recycling pilot in Germany
Jump in steel production
New name for Schnitzer Steel

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe now and get a full year for just €169 (normal rate is €225) Subscribe