![]() ![]() ![]() The right shredder will therefore depend on the shape, hardness and ultimate purpose of the metal recycling process. There is no general answer to this question, as not every metal is the same. This is not reflected in the price yet, but in future, consumers and politicians should be given the clear message that scrap minimises the use of raw materials, reduces environment-related costs and thus actively contributes towards climate protection. Facilities are becoming increasingly interconnected with robots, software and mechanical/ electrical equipment boosting productivity and ensure consistent product quality.Recycling steel doesn’t just save billions in environment- and climate-related costs: Replacing the primary material with scrap saves millions of tonnes of CO2 emissions. In addition, metal manufacturers are focusing their attention on ESG initiatives and heavily investing in digital technologies which will in turn change the way metal manufacturing plants operate. Consequently, as primary materials and energy consumption constitute the 2 most significant expenses, companies are challenged to maintain their profitability and continuous operation. Nevertheless, COVID-19 disruptions have led to a sharp increase in both the price of primary materials and cost of energy. This should be seen as an opportunity for Greek metals manufactures to further boost production and focus on exporting. Industrial production capacity utilisation has recovered and surpassed pre-pandemic output, but is still at 77% operating capacity. Within the next decade, planned large-scale projects worth more than € 21.5 billion will boost sectoral growth and sales. Main challenges faced by Basic Metals manufacturers are: ![]() ꟷ Investment in Production Practices supporting digital capability development ꟷ Reducing operational disruptions through Automation Prevalent Trends amongst Basic Metals manufacturers are the following: Supply chain disruptions due to the pandemic, environmental concerns, ambitious infrastructure projects and trade policies are continuously pushing metal prices upwards. The industry has experienced continuous growth and a 28% increase in revenue from 2015 to 2019.ĥ. From the start of the Covid 19 era till June 2021 the price of aluminium, copper, Iron and steel scrap increased 44%, 79%, 137% and 75.6% respectively.Ĥ. Price of raw materials (scrap metal & ore), have sharply increased amidst the pandemic. The Basic Metals industry is an important employer for the Greek economy since in 2021 the industry directly occupied more than 20 thousand individuals, which is 0.5% of Greece’s total workforce.ģ. This is largely due to increased exports and significant infrastructure projects.Ģ. The Basic Metals Industry (Copper, Aluminium and Iron & Steel) turnover is on the rise with a Compounded Annual Growth Rate (CAGR) of 6.2% from 2013 to 2019. Finally, the survey sheds light on the sub sector’s future outlook, highlighting trends, opportunities but also driving forces of the sub sector’s smart transition.ġ. Onwards the survey provides an overview of key market players, their financials and main challenges they are currently facing. ![]() “The Future of Heavy Industry-Focus on Metals Manufacturing” survey conducted by KPMG in Greece, explores the Greek Metal’s sub sector structure, size and growth, focusing on pricing considerations and financial trends. Against odds, the sub sector is showing significant growth and transformation. Heavy manufacturing and more specifically the Basic Metals sub sector have experienced significant disruption during the last decade and the pandemic. ![]()
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