Spain increased steel production by 3.3% y/y in 2024

Spanish steelmakers increased steel production by 3.3% in 2024 compared to 2023, to 11.82 million tons. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association.

In December 2024, Spanish steelmakers produced 870 thousand tons of steel, down 14.3% month-on-month and 16% year-on-year. Production volumes fell to their lowest level since August.

The average monthly steel production in 2024 amounted to 985.2 thousand tons, while in 2023 – 954.3 thousand tons, and in 2022 – 964.4 thousand tons.

In general, steel production in the EU countries increased by 2.6% in 2024 compared to 2023 – to 129.5 million tons. Global steel production for the year amounted to 1.84 billion tons, down 0.9% year-on-year.

As GMK Center reoported 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 steel 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).