Bitumen Prices Surge Amid Iran Conflict, Impacting Road Construction
Bitumen Prices Surge Amid Iran Conflict, Impacting Road Construction
The price of bitumen, essential for asphalt production, has approximately doubled since the onset of the Iran conflict, according to HDB CEO Müller.
Müller highlighted that the current price increases surpass those observed following the outbreak of the Ukraine war in 2022, severely affecting construction companies that had entered fixed-price contracts with public authorities in February. This situation renders many projects economically unviable, as firms bear the sole burden of price volatility linked to international trade conflicts. Müller urged government intervention, criticizing the Bau- und Verkehrsministerium for insufficient support during this crisis, despite the federal government’s previous commitment to modernize infrastructure through substantial funding.
For journalistic integrity, this report was summarized from: deutschlandfunk.de
