Sidenor 2020 Corporate Report

Corporate Report 2020 | About us Our country is one of the main steel producers in Europe and worldwide. Spain has 22 steel production plants and 50 rolling and first processing facilities. They are concentrated along 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 14.5 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 10.6 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. In the short and medium term, Sidenor 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. 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. Sidenor and the steel sector in Spain (source of data: Unesid 2019) 50 rolling facilities TURNOVER 15,000 million € 22 plants EMPLOYMENT 60,000 people 24 Steel production in Spain