Spain’s steel exports saw a significant decline in January 2025, with rolled steel exports to third countries falling by 24.4% compared to the previous month. According to GMK Center’s calculations based on Eurostat data, Spanish steel enterprises reduced their rolled steel product exports to 120.85 thousand tons, a 1.6% year-on-year decrease.
Key Export Trends in January 2025
In January 2025, Spain experienced a mixed performance in its steel exports. Exports of long products dropped significantly, falling by 19.5% year-on-year and 44.5% month-on-month to 71.67 thousand tons. Meanwhile, exports of flat products increased, rising by 45.5% year-on-year and 60.2% month-on-month to 49.18 thousand tons.
Among the top exported products were angles, shapes, and special sections made of non-alloy steel (HS-7216), which accounted for 42.43 thousand tons. This represented a 3.1% decline year-on-year and a 46.9% drop compared to December. Other notable exports included hot-rolled, unclad flat products (HS-7225), coated flat products (HS-7210), and alloy steel rods and bars for drilling (HS-7228).
Spanish Steel Imports Surge in January 2025
While exports dropped, Spanish imports of rolled products experienced a substantial increase, rising by 3.3 times month-on-month to 617.87 thousand tons. This surge in imports contrasts with the year-on-year decline of 11.7%. Among the key imported products were hot-rolled flat products (HS-7208), which rose by 3.5 times month-on-month, and coated flat products (HS-7210), which increased by 9.7 times.
Additionally, cold-rolled flat products (HS-7209) and alloy steel rods and bars (HS-7228) also showed notable fluctuations in both year-on-year and month-on-month figures.
Spain’s Steel Industry Overview
Despite the export setbacks, Spain’s overall steel production in 2024 increased by 3.3%, reaching 11.82 million tons. Spanish steelmakers faced a decline in December 2024 production, with a month-on-month drop of 14.3%. However, the annual growth showed a positive trend, with steel production increasing by 16% compared to the previous year.
As Spain continues to adjust its steel production and export strategies, shifts in both export and import activity signal the ongoing changes in the global steel market. These trends are closely monitored by industry leaders, including those at SuperMetalPrice, as they influence demand for raw materials like steel, copper, and aluminum.
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