The market is dominated by foreign suppliers, as imports account for 85.0% of total market size in 2022. B2B drives market demand, with B2B spending representing 99.9% of total demand in 2022. Spain has the sixth largest market size for basic iron and steel regionally, with demand reaching USD22.7 billion in 2022. Arcelormittal España SA is the largest company in Spain, generating 13.0% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 38.1% of total production value in 2022. The total number of companies increases in 2022, to 746 units. The costs of the industry decrease by 0.4% in 2022, largely driven by declining labour costs. The industry’s profitability increases and stands at 14.9% of production value in 2022, the second highest regionally. The industry’s exports share increases in 2022 to 85.4% of total production output. With production value of USD22.8 billion, Spain accounts for 7.9% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Basic Iron and Steel in Spain: ISIC 271. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Iron and Steel in Spain: ISIC 271 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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