The market is dominated by foreign suppliers, as imports account for 78.6% of total market size in 2023. B2B drives market demand, with B2B spending representing 100% of total demand in 2023. Spain has the fifth largest market size for basic iron and steel regionally, with demand reaching USD21.9 billion in 2023. ArcelorMittal Spain Holding SL is the largest company in Spain, generating 12.3% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 36.1% of total production value in 2023. The total number of companies decreases in 2023, to 577 units. The costs of the industry decrease by 2.3% in 2023, largely driven by declining labour costs. The industry’s profitability decreases and stands at 9.9% of production value in 2023, the seventh highest regionally. The industry’s exports share decreases in 2023 to 79.5% of total production output. With production value of USD22.4 billion, Spain accounts for 8.1% of the Western Europe total in 2023.
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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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