The President of ELVAL, Michalis Stasinopoulos, appears to BnB Daily as skeptical about the future and the course of the industrial sector. He focuses, among other things, his concern on the weakness of the German economy, which has been affected by the general decline in consumer spending in Europe.

THE ROLE OF GENERAL

In particular, Mr. Stasinopoulos explained that Germany, as a central player, has a significant influence on the copper market, which is a barometer for the industry. Copper, as a key material, plays a central role in construction and production, while demand can be directly influenced by economic conditions in major markets.

ALUMINUM

Aluminium, on the other hand, is showing a stable trend, mainly due to annual contracts that protect it from short-term fluctuations. Its performance is satisfactory and is expected to be maintained, with forecasts remaining optimistic for the coming year, according to the President of ELVAL.

Cables continue to perform well, mainly due to the need for new networks, regardless of the push for green energy. "Demand is high, and the construction of new infrastructure requires large volumes, keeping the sector growing."

CYCLICAL SECTORS

Cyclical sectors such as aluminium, copper and steel remain fundamental to the industry, with construction steel performing positively despite the complexity that accompanies its market. Companies characterised by a strong structure and stable products seem to be better able to withstand market changes.

ELVAL

Regarding ELVAL's performance, he said that previously it was more vulnerable to market fluctuations, but now it shows more stability. Although new investments have been limited, with the aim of cleaning up the balance sheet and reducing debt, the company had made total investments of €250 million in the three-year period 2020-2022.