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.
Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…
In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf…
Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following…
In January–April 2026, the long steel market in Ukraine saw a significant increase in imports—up…
German steelmakers have warned that prolonged disruptions in rail freight transport threaten the supply of…
The Italian group Marcegaglia is investing an additional €600 million in the Mistral project in…