Steel producers, who experienced an increase in April, increased production to 1.12 million tonnes. The increase in production by steel producers in April caused Spain to rise in the global steel production ranking. Spain rose to 16th place according to the data of the WorldSteel Association. The 13.7 per cent increase in Spain's steel production in 2024 is particularly noteworthy. This increase shows a significant rise compared to the same period of the previous year. Spain's steel production reached its highest level since March 2023, sources said. Compared to the January-April period of 2023, steel production in the same period of 2024 increased by 1.7% to 4.04 million tonnes.
The increase in Spain's steel production is in direct proportion to the increase in steel demand in the country. The increase in demand in sectors where steel use is intense, such as the construction sector, encourages producers to increase their production. In addition, the growth in infrastructure projects and industrial activities also increases the demand for steel, which causes producers to increase their production.
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