Steel production of Spain decreased in January 2023 y-o-y

Looking at the data, it is seen that steel production in Spain increased by 7.7% month on month to 739 thousand tons in January 2023.

Steel production of Spain decreased by 19.2% year on year to 11.46 million in 2022. In January 2023, the data showed that steel production in Spain decreased by 26.2% year-on-year.

At the beginning of 2023, it was seen that the increase in demand for steel products and the decrease in energy costs caused European steelmakers to increase their stopped capacities. According to the information obtained from the sources in the market, the demand for steel products in the market is expected to increase.