Spain increased steel production by 16.5% m/m in September

In September 2024, Spanish steel companies increased steel production by 16.5% compared to the previous month, to 990 thousand tons. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association.

Spanish steelmakers reduced steel production by 1% compared to September 2023.

In January-September 2024, Spain increased steel production by 3.4% compared to the same period in 2023, to 8.88 million tons. Average monthly steel production for 9 months amounted to 986.3 thousand tons, compared to 964.2 thousand tons a year earlier.

In general, steel production in the EU countries in January-September 2024 increased by 1.5% compared to January-September 2023 – to 97.8 million tons. Global steel production for 9 months amounted to 1.39 billion tons, down 1.9% year-on-year.

As GMK Center reported earlier, in 2023, Spain reduced steel production by 2.7% compared to 2022, to 11.26 million tons. The average monthly steel production amounted to 938.5 thousand tons, while in the same period of 2022 the figure was 964.42 thousand tons (-2.69% y/y).

There are 14 operating metallurgical enterprises in Spain: Megasa Siderúrgica Narón (capacity of 700 thousand tons of steel per year), ArcelorMittal Asturias (Gijón) (1.2 million tons per year), ArcelorMittal Asturias (Aviles) (4.2 million tons per year), Celsa Global Steel Wire Santander (750 thousand tons per year), Sidra Steel Wire (750 thousand tons per year), Sidenor Aceros Especiales Basuri (740 thousand t/y), ArcelorMittal Sestao (2 million t/y), Celsa Nervacero (1 million t/y), ArcelorMittal Olaberria-Bergara (1.45 million t/y), Megasider Zaragoza (500 thousand t/y), and t/y), Celsa Barcelona Castellbisbal (2.5 million t/y), Grupo Gallardo Corrugados Getafe (600 thousand t/y), Grupo Gallardo Siderurgica Balboa Jerez de los Caballeros (1.3 million t/y), Riva Siderurgica Sevillana (1.3 million t/y), Acerinox Europa Los Barrios (1.2 million t/y).

The total capacity of the plants is 19.44 million tons per year. Thus, in 2023, capacity utilization was 58%.