Spain - Latest news GMK Center

In January-August, the consumption of scrap increased by 3.8% y/y

The industry is asking to speed up the process to regulate issues related to this mechanism

In January-September, Spanish steelmakers reduced steel production by 5.7% y/y

The trade unions agreed with the company to extend the temporary employment regulation scheme for three months

During the month, Spanish steelmakers consumed 587,000 tons of scrap

In January-August, Spanish steelmakers reduced steel production by 7.1% y/y

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