Spain’s Celsa considers selling steel plants in the EU and the UK

Celsa, Spain’s largest private industrial group, is considering the sale of its steel plants in Poland, Norway and the UK. The total market value of the assets reaches €1.3 billion. This was reported by the local newspaper Expansion.

Celsa’s Polish unit Huta Ostrowiec is likely to attract the most interest from potential buyers and could be worth up to €800 million. The Norwegian plant can be valued at around €300 million, while the British Celsa Steel UK is estimated at around €200 million.

According to the report, Celsa is working with Citi to analyze the triple deal with its foreign subsidiaries.

The potential divestment of the company’s foreign operations is part of a new strategy that it is implementing on the advice of consulting firm Bain & Company.

In 2022, Celsa produced 5.52 million tons of steel. Finished product output amounted to 1.18 million tons.

As GMK Center reported earlier, in 2023, the EU countries reduced steel production by 7.4% compared to 2022, to 126.3 million tons. Global steel production decreased by 0.1% y/y – to 1.85 million tons.

In 2023, Spanish steel companies reduced steel production by 2.7% compared to 2022, to 11.26 million tons. In December 2023, Spanish steelmakers produced 712 thousand tons of steel, up 7.4% compared to December 2022 and down 30.9% compared to November.

  • Industry

Scrap exports from Ukraine exceeded 46 thousand tons in April

In April 2025, the Ukrainian scrap industry increased exports of ferrous scrap by 77.1% compared…

Tuesday May 27, 2025
  • Infrastructure

The regulator has kept the current price caps in the electricity market for another six months

The National Energy and Utilities Regulatory Commission (NEURC) has left price caps in the electricity…

Tuesday May 27, 2025
  • Industry

Recycling Solutions sold 1.86 million tons of slag in 2024

In 2024, Recycling Solutions, a Ukrainian by-product and waste management company, increased its sales of…

Tuesday May 27, 2025
  • Companies

Salzgitter sells Austrian Stahlhandel to ECCO Group as part of restructuring

German steelmaker Salzgitter AG continues to optimize its business portfolio. The company's subsidiary Salzgitter Mannesmann…

Tuesday May 27, 2025
  • Global Market

Poland increased steel production by 3.9% y/y in January-April

In January-April 2025, steelmaking companies in Poland increased steel production by 3.9% compared to the…

Tuesday May 27, 2025
  • Global Market

US adds coking coal to the list of critical materials

The US Department of Energy (DOE) has added coking coal to the list of critical…

Tuesday May 27, 2025