Spain reduced steel production by 5.6% m/m in August

During January-August, Spanish steelmakers increased steel output by 4% y/y

In August 2024, Spanish steelmakers reduced steel production by 5.6% compared to the previous month, to 850 thousand 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 0.8% compared to August 2023.

In January-August 2024, Spain increased steel production by 4% compared to the same period in 2023, to 7.89 million tons. Average monthly steel production for 8 months amounted to 985.9 thousand tons compared to 951.1 thousand tons a year earlier.

In January-August 2024, steel production in the European Union increased by 1.5% compared to January-August 2023 to 87.2 million tons. Global steel production for 8 months amounted to 1.25 billion tons, down 1.5% year-on-year.

As a reminder, 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 strrl 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 steel plants is 19.44 million tons per year. Thus, in 2023, capacity utilization was 58%.