Speaker: Holger Ade – WSM Wirtschaftsverband Stahl- und Metallverarbeitung e.V.

Europe finds itself in an energy-war with Russia. The expectation of a supply-cut on natural gas from Russia lets markets escalate and prices explode for gas and – due to the market design – also for electricity in European countries. The high inflation causes also fast rising prices for raw materials like steel and aluminium. How can European forging companies keep up their competitiveness in this situation?