Spain increased steel production by 7.1% m/m in October

Spanish steelmakers increased steel production by 7.1% – to 1.06 million tons in October 2024 compared to the previous month. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association.

Spanish steelmakers reduced steel production by 1.2% compared to October 2023. Monthly production exceeded 1 million tons for the first time since May this year.

In January-October 2024, Spain increased steel production by 2.9% compared to the same period in 2023, to 9.94 million tons. Average monthly steel production for 10 months amounted to 993.7 ths tons compared to 971 ths tons a year earlier.

In January-October 2024, steel production in the European Union increased by 2.1% compared to January-October 2023 – to 109.3 million tons. Global steel production for 10 months amounted to 1.55 billion tons, down 1.6% 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 ths tons, while in the same period of 2022 the figure was 964.42 ths tons (-2.69% y/y).

There are 14 operating steel enterprises in Spain: Megasa Siderúrgica Narón (capacity of 700 ths 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 ths tons per year), Sidra Steel Wire (750 ths tons per year), Sidenor Aceros Especiales Basuri (740 ths 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 ths t/y), and t/y), Celsa Barcelona Castellbisbal (2.5 million t/y), Grupo Gallardo Corrugados Getafe (600 ths 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 steel plants is 19.44 million tons per year. Thus, in 2023, capacity utilization was 58%.