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The move is part of the company's strategy to reduce carbon emissions and improve sustainability

During January-November, Spanish steelmakers increased steel output by 2.4% y/y

The decision was driven by low demand for steel and high volumes of imports from outside the EU

During January-October, Spanish steelmakers increased steel production by 2.9% y/y

The deal aims to reduce Celsa's debt and reorganize its business with a focus on Spanish assets

During January-September, Spanish steelmakers increased steel output by 3.4% y/y

Lack of orders and high energy costs led to the shutdown of some facilities in northern Spain

The plant in the city of Los Barrios, Cádiz province, is expected to be idle from October 12

During January-August, Spanish steelmakers increased steel output by 4% y/y

On September 17, an explosion occurred at the coke battery of the enterprise

The parties concluded a corresponding memorandum of understanding

During January-July, Spanish steelmakers increased steel output by 4.7% y/y