Spain

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

The main shortage of hot-rolled steel in the EU is expected in the summer 2023

The company is assessing the consequences of fires that occurred at blast furnaces in Spain and France

The terms of the forced shutdown of blast furnace A have not yet been determined

During the month, Spanish steelmakers produced 925,000 tons of steel

The company must assess the technical and economic consequences of the incident

During the month, Spanish steelmakers produced 739,000 tons of steel

The funds will go to support the company's projects on decarbonization of steel production

In 2022, Spanish steelmakers produced 11.46 million tons of steel

The total investment in the project will amount to €1 billion

The decision to temporarily stop the blast furnace was made in September 2022