ArcelorMittal continues the program of temporary layoffs in Spain

The trade unions agreed with the company to extend the temporary employment regulation scheme for three months
Spain cut scrap consumption to a six-month low in July

During the month, Spanish steelmakers consumed 587,000 tons of scrap
Spain reduced steel production by 12.2% m/m in August

In January-August, Spanish steelmakers reduced steel production by 7.1% y/y
ArcelorMittal is considering extending the temporary employment scheme in Spain

The deterioration of prospects in the steel market prompted the company to start negotiations with the trade unions
Spain reduced steel production by 9.3% y/y in January-July

In July, Spanish metallurgists reduced their steel output by 4.3% m/m and 4.1% y/y
Spain reduced steel production by 10% y/y in January-June

In June, Spanish steelmakers reduced steel output by 10% m/m and 6.8% y/y
Spain’s steel industry is affected by high energy costs – Unesid

Spanish steel producers also need increased government support
ArcelorMittal plans to restart blast furnace A at the Gijon plant in July

The unit was stopped on March 22, 2023, when a fire broke out during routine maintenance of the blast furnace
Spain increased steel production by 10% m/m in May

During the month, Spanish steelmakers produced 1.45 million tons of steel
Steel exports from Spain decreased by 14% y/y in 2022

Due to rising energy costs, steel shipments from Spain fell to the level of pandemic 2020
Business unions in Asturias are studying ArcelorMittal’s new offer

Works councils at ArcelorMittal plants in Aviles, Gijón and Aboño suspended strikes
ArcelorMittal has restarted the Spanish ACB plant

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

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