Steel production in Spain fell in April due to high energy costs

Spain produced 1.12 million tonnes of crude steel in April this year, hitting a new high in the past five months, but that figure was down 14% year-on-year due to high energy prices, according to statistics from the Spanish Association of Steel Producers (UNESID). .

Between April 2021 and April 2022, Spanish crude steel production was 14.9 million tonnes, up 17% from last year.

Starting June 15, new Spanish electricity market rules will come into force regarding the capping of natural gas prices, which could reduce electricity costs by 15%.