Spain reduced steel production by 4.2% m/m in November

In November 2024, Spanish steelmakers reduced steel production by 4.2% compared to the previous month to 1.01 million tons. Thus, the country was ranked 16th in the global ranking of steel producing countries (71) by the WorldSteel Association.

Spanish steelmakers reduced steel production by 2.5% compared to November 2023. Smelting volumes have remained above 1 million tons for the second month in a row.

In January-November 2024, Spain increased steel production by 2.4% compared to the same period in 2023, to 10.95 million tons. The average monthly steel production for 10 months amounted to 995.6 thousand tons, compared to 976.4 thousand tons a year earlier.

In general, steel production in the EU countries in January-November 2024 increased by 2.2% compared to January-November 2023 – up to 119.9 million tons. Global steel production for 11 months amounted to 1.69 billion tons, which is 1.4% less than in the same period last 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 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), 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%.