Sidenor Corporate Report 2019

20 Corporate report 2019 | About us Sidenor and the steel sector in Spain Our country is one of main steel producers in Europe and worldwide. Spain has 22 steel production plants and 50 rolling and first processing facilities. They are concentrated on the Cantabrian coast, mainly in Asturias and the Basque Country, although the industry is widely extended, with plants in eleven of the Autonomous Communities. The sector employs over 60,000 people, to which a further 20,000 jobs related to scrap collection must be added, and has an overall turnover of around 15,000 million euros. The sector annually produces 14.4 million tonnes of steel and clearly focuses on exports, its products being sent to almost 160 countries. Its strategy is defined by concepts such as innovation, efficiency, sustainability and occupational safety and it is a key actor in the transition to the circular economy model. The industry recycles around 12.5 million tonnes of scrap each year and each produced tonne implies seven euros in terms of environmental investment. Furthermore, it makes an efficient use of resources and valorises nearly 80% of the waste and by- products generated in the process. Sidenor is the main producer of special steels in Spain – a high value-added product whose manufacturing is very demanding. The Company produces over 10% of the special steel manufactured in the European Union, which amounts to more than seven million tonnes. The total world production amounts to almost 50 million tonnes. In the short and medium term, the Company expects to continue leading the national sector thanks to the significant investments it has carried out in order to improve its performance, extend its range of products and increase its production capacity, mainly in the installations of Basauri. Some of the factors which could affect the pace of business are decreasing sales, mainly with regard to exports, increasing raw material prices or possible changes in the environmental legislation. STEEL PRODUCTION IN SPAIN TURNOVER 15,000 million € EMPLOYMENT 60,000 people 22 plants 50 rolling facilities (source of data: Unesid 2018-2019)