Spain’s crude steel production rebounds strongly in October

The Spanish steel sector saw production and scrap melting increase for the second consecutive month in October, Kallanish notes.

According to Spanish steelmakers’ association Unesid, the local steel industry produced around 1.28 million tonnes of crude steel in October. This was 2.6% more than September’s output of 1.25mt and 8.8% higher year-on-year. According to Unesid data, crude steel production in October was just 69,000t down on the 2021-high in May.

During the first ten months of the year, Spanish output reached 12.16mt. Unesid did not disclose an on-year comparison in its latest report, but taking worldsteel figures into account, the growth is estimated at 35%.

Spain used 1.03mt of ferrous scrap for steelmaking in October, up 1.8% month-on-month. This volume was also almost 48,000t more over the same month in 2020. Cumulative scrap usage was 9.6mt, representing 78.9% of total crude steel production in the ten months.

Todor Kirkov Bulgaria