Spain

The deterioration of prospects in the steel market prompted the company to start negotiations with the trade unions

In July, Spanish metallurgists reduced their steel output by 4.3% m/m and 4.1% y/y

In June, Spanish steelmakers reduced steel output by 10% m/m and 6.8% y/y

Spanish steel producers also need increased government support

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace

During the month, Spanish steelmakers produced 1.45 million tons of steel

Due to rising energy costs, steel shipments from Spain fell to the level of pandemic 2020

Works councils at ArcelorMittal plants in Aviles, Gijón and Aboño suspended strikes

At the same time, the company has not yet completed the cleaning of blast furnace A at the Gijon plant

During the month, Spanish steelmakers produced 1.13 million tons of steel

The past year was marked by a slowdown in production amid a sharp rise in energy prices

The company will receive €450 million to build a direct reduction plant that will replace two blast furnaces