The Spanish steel sector saw scrap melting and production increase on-month in May, Kallanish notes. Both activities, however, remained weaker than the same month a year ago.
Spain’s ferrous scrap consumption rose by 1.3% or 11,000 tonnes on-month in May to 873,000t. According to the Spanish steelmakers’ association Unesid, this was a drop of 10% on-year.
Five-month scrap usage was 4.19 million tonnes, representing 84.8% of total crude steel production in January-May 2023. This volume was just 1% higher than the 4.15mt consumed in the same period a year earlier.
The local steel industry produced around 1mt of crude steel in May, 2.6% higher than April’s output of 980,000t but down by 19% year-on-year.
Spanish five-month output totalled 4.94mt, a fall of 7.8% or 418,000t in comparison with the January-May 2022 volume of 5.36mt, Unesid confirms.
Todor Kirkov Bulgaria