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• The company reported revenues of €3,360 million in 2024, following the divestment of its UK and Nordic operations, representing a 1% increase in tons of steel sold despite challenging market conditions, as steel consumption in the European Union (EU) declined by 1.1%.

• The Group closed the year with EBITDA of €274 million, after the divestment of its UK and Nordic plants, representing 8.2% of sales – well above the European sector average of 4%.

• Since the period before restructuring in November 2023, CELSA reduced net debt by €1,793 million to €1,896 million—a 48% reduction—thanks to debt capitalisation, a €109 million capital increase by shareholders, and proceeds from divestments in the UK and Norway.

• Results for the first five months of 2025 confirm continued improvement: EBITDA grew 34% year-on-year to €182 million (11.8% of sales), well above the sector average in Europe of 2.5% in Q1. EBITDA is expected to reach approximately €400 million by year-end.

• Planned investments for 2025 will increase by 75% compared to 2024, reaching €196 million, demonstrating CELSA’s commitment to future growth and resilience.

• CELSA Group remains firmly committed to sustainability and first-class corporate governance.

Barcelona, 30 June 2025.

CELSA Group,,leading producer of low-emissions circular steel in Europe, today presented its 2024 annual results and outlined its positive outlook for 2025 at the Shareholders’ Meeting in Castellbisbal (Barcelona). Chairman Rafael Villaseca and CEO Jordi Cazorla shared performance highlights and future priorities. The company has announced its strong performance for the first half of 2025, along with its projections for the rest of the year.

 
 
Strong Closing of the first year with consolidated accounts and positive indicators

Celsa Group has closed 2024 with a good performance despite the fact that steel consumption in the European Union (EU) experienced a fall of 1.1%, after a decrease of 9% in 2023 and 8.3% in 2022.

Specifically, the company achieved sales of €3,360 million and EBITDA of €274 million (8.2% of sales), and positive operating profit of €65 million. Financial costs totaled €322 million, including €146 million paid and €176 million accrued but unpaid, due to the Restructuring Plan approved by courts. The Plan runs through 2028 and considers unpaid financial expenses as additional debt.

Another indicator that demonstrates the company’s positive evolution is net debt, which has been reduced by 48%, from €3,698 million in November 2023 to €1,896 million in April 2025.

 
 
Celsa projects 2025 with a clear positive outlook

Villaseca and Cazorla highlighted the company’s strong performance in the first five months of this year. Among other figures, they pointed to a 3% increase in tons sold compared to the same period in 2024, a 34% rise in EBITDA versus the first five months of 2024, and an EBITDA-to-sales ratio of 11.8%, which is 3.6 points higher than at the end of May 2024. As for net profit, it was positive at the end of May, improving by €97 million (an increase of 104%) compared to the same period of the previous year.

The accumulated EBITDA over the past 12 months has shown a robust upward trend since the launch of the Industrial Value Creation Plan in June 2024, generating an immediate and significant impact on its trajectory, reaching €321 million in May 2025, up from €269 million in May 2024. The Industrial Value Creation Plan has been financed by the current shareholders through a €109 million capital increase, demonstrating their commitment to the company’s future.

The planned investment for 2025 is €196 million, 75% more than in 2024. Of this total, €43 million corresponds to the Industrial Value Creation Plan, through which the forecasted EBITDA for the end of 2025 is expected to reach approximately €400 million, 46% higher than in 2024.

 
 
Celsa wants to continue being a leader in sustainability and circularity

On the other hand, CELSA Group is also working to meet ambitious commitments in sustainability and circularity in the short and medium term. The group’s production was 5.7 million tonnes of 100% recyclable steel by 2024. The finished product in 2024 contains 95% of recycled material, and the goal is to achieve 98% circularity by 2030.

In terms of climate, in the last year CELSA recorded an emissions intensity of Scope 1 and 2 (tCO₂eq/t of steel) six times lower than the world average of blast furnace production. Compared to the average of electric steel mills in the European Union, the company has managed to emit 41% less (Scope 1 and 2 emissions, based on location). In addition, in the last financial year, CELSA Group has reduced its direct and indirect CO₂ emissions by 2.49% compared to 2023, remaining in line with the decarbonisation targets set for 2030.

Looking ahead to 2025, CELSA Group will continue to deploy its Safety Improvement Plan, which began in February 2024. In addition, the company will revitalise its Sustainability Roadmap in order to consolidate its position as a benchmark in sustainability and circularity within the steel sector. As vice-president of EUROFER, CELSA Group will also play a key role in promoting the Steel and Metals Action Plan, a European roadmap that addresses the most immediate challenges facing the sector.

 
 
Every euro of added value generated by Celsa in Spain contributes to generating more than 5 euros of added value in the Spanish economy.

 
 
Priorities

Villaseca and Cazorla emphasized the company’s main priorities: improving operating results to achieve approximately €659 million in EBITDA by 2028; strengthening the company’s debt position by reducing the net debt-to-EBITDA ratio from 8.4 in November 2023 to around 2.5 by 2028; and maintaining a firm commitment to Sustainability and world-class Governance.

About Celsa Group

Celsa is Europe’s first low-emission circular steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.

The company is made up of several business groups and has several work centres, steel mills, rolling mills and recycling plants (circular hubs), as well as transformation and distribution companies, which generate direct and indirect employment for more than 6,600 professionals in Europe.

The group works to provide solutions to the planet’s greatest systemic risks: the depletion of resources and the fight against climate change. To this end, it has set itself the objectives of reducing its CO2 emissions by 50% and achieving 98% circularity by 2030 and completing its circularity and being a Net Positive company by 2050.

For more information:
Nuria Jiménez, njimenez@kreab.com; 693 33 80 47

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• Celsa reinforces the future of the MRT plants, its leading subsidiary in metal enclosures in Europe, as part of its industrial plan.

• At MRT Gijón, Celsa strengthens its strategic alliance with the French firm Picot by increasing its minority stake to 44.46%, aiming to boost the production of high value-added products and drive international expansion.

• At MRT Cerdanyola, Celsa will undertake investments to promote technical and operational improvements, transforming it into the best integrated plant in Southern Europe to produce low-emission galvanized low-carbon wire.

Barcelona, 27 June 2025.

CELSA Group, a leading company in the production of low-emission circular steel, is reinforcing the future of MRT’s fencing plants in Cerdanyola (Barcelona) and Gijón (Asturias), as part of its industrial plan. This commitment involves expanding the range of products and implementing technical and operational improvements in both plants, with the aim of increasing the internationalisation and added value of their products, particularly metal enclosures and galvanised wire for perimeter solutions.

MRT is the leading manufacturer of fencing systems in Spain and one of the sector’s leaders in in Europe. In the case of the MRT Gijón plant, Celsa is strengthening its strategic alliance with the current minority shareholder Picot, a European leader in advanced high-end perimeter protection systems, by increasing its stake to 44.46%. This agreement will be subject to ratification by the General Shareholders’ Meeting. Through this alliance, Celsa plans to increase production by an additional 8,000 tonnes per year of high value-added products, representing a 15% increase in output, and to boost international expansion.

CELSA Group will remain the majority and controlling shareholder of MRT Gijón, so the company will continue to be fully integrated into the group’s management structure.

As for MRT Cerdanyola, Celsa Group will carry out investments to launch a second Green Galvanized line. This commitment will allow an additional 12,000 tons of annual production, representing a 28% increase in output, and will transform the facility into the best integrated plant in Southern Europe for the production of low-emission galvanized low-carbon wire.

This roadmap reaffirms the Celsa Group’s commitment to increasing competitiveness and industrial solvency, driving MRT’s distinctive model, which is entirely circular and sustainable within the steel sector.

About Celsa Group

Celsa is Europe’s first low-emission circular steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.

The company is made up of several business groups and has several work centres, steel mills, rolling mills and recycling plants (circular hubs), as well as transformation and distribution companies, which generate direct and indirect employment for more than 6,600 professionals in Europe.

The group is committed to addressing the planet’s greatest systemic risks: resource depletion and the fight against climate change. To this end, it has set ambitious targets: reducing its CO₂ emissions by 50% and reaching 98% circularity by 2030, and achieving full circularity and becoming a Net Positive company by 2050.

About MRT

Moneda Riviere Trefilerías (MRT) is a leading company in the manufacture of enclosures in Spain, and one of the benchmarks in Europe. With two factories located in Cerdanyola (Barcelona) and Gijón (Asturias), MRT offers a wide range for the residential, professional, industrial and agricultural sectors; and it differs by integrating in its process the manufacture of the wire that is used for the manufacture of its enclosures.

MRT is part of the Celsa group, a leading company in Europe in the production of low-emission circular steel, which follows a sustainable production model.

More information: https://moreda.com

About Picot

Picot, a European leader in advanced high-end perimeter protection systems, distributes its products through various channels, both to the private and corporate markets, and is also involved in the installation of fence and enclosure solutions. In the French market, it is the market leader with several production units, specializing in fencing, access control and gates. At an international level, the group has presence mainly in Sweden, Poland, the Netherlands and Italy.

For more information

Cristina Fontgivell, KREAB
cfongivell@kreab.com

Nuria Jiménez, KREAB
njimenez@kreab.com

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Barcelona, April 14, 2025.

After Sev.en GI obtained the necessary approvals, Celsa Group has officially completed the sale of 100% of its subsidiaries in the United Kingdom and the Nordic countries. The sale agreement was ratified on Friday, April 11.

The proceeds from this divestment will be entirely allocated to reducing the Group’s debt.

With this significant divestment, alongside a recent capital increase and the launch of an ambitious efficiency plan, Celsa Group continues to implement its industrial strategy and financial restructuring, both of which are progressing as planned.

Acerca de Celsa Group

Celsa is Europe’s leading producer of low-emission circular steel, operating the continent’s largest circular supply chain. The company recycles ferrous scrap to produce steel using electric arc furnaces—applying the most sustainable and energy-efficient technologies available.

The company is composed of several business groups and operates numerous sites, including steel mills, rolling mills, recycling plants (circular hubs), as well as transformation and distribution companies. Together, these generate direct, indirect, and induced employment for over 10,000 professionals across Europe.

Celsa is committed to tackling the planet’s most pressing systemic risks—resource depletion and climate change. Its targets include reducing CO₂ emissions by 50% and achieving 98% circularity by 2030, with the goal of becoming fully circular and Net Positive by 2050

Press contacts:

Cristina Fontgivell, KREAB
cfongivell@kreab.com

Nuria Jiménez, KREAB
njimenez@kreab.com

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• Jordi Cazorla, CEO of Celsa Group, has been appointed Vice President of the European Steel Association (EUROFER), the organization representing all steel producers in the European Union.

• The appointment was unanimously approved on April 8 and takes immediate effect.

• This new role will enable Celsa to continue leading the industry’s advocacy efforts during a particularly critical period for steel production and trade within the EU.

• The appointment follows Cazorla’s participation in high-level institutional events such as the Strategic Dialogue on Steel, chaired by European Commission President Ursula von der Leyen, and the visit of European Commission Executive Vice President Stéphane Séjourné to Celsa’s facilities in Castellbisbal.

Barcelona, 9th April 2025.

The Board of Directors of EUROFER, which represents steel producers in the European Union, has appointed Jordi Cazorla, CEO of Celsa Group, as its Vice President. The appointment, unanimously approved and effective immediately, comes at a crucial time for the sector in Europe. The steel industry currently faces several challenges, including tariff pressures from the U.S. government, the growing deindustrialization of the continent, and steel imports from third countries.

In recent weeks, Cazorla has participated in several high-level institutional events across Europe, such as the Strategic Dialogue on Steel, chaired by Commission President Ursula von der Leyen, and the visit on March 14 by Stéphane Séjourné, the EU’s Internal Market Commissioner and Head of the Industrial Strategy, to Celsa Group’s facilities in Castellbisbal.

This appointment reaffirms Celsa’s strategic position as a key voice in advocating for the industry’s needs during a particularly critical situation for the European steel sector.

Jordi Cazorla stated: “I would like to thank the members of EUROFER for this appointment, which I accept with a deep sense of responsibility and a firm belief that we are at a pivotal moment for the future of our industry. My goal is to work collaboratively to address the most pressing challenges and to ensure the sustainability and competitiveness of our sector, by defending the interests of all steel producers and promoting strong actions to halt deindustrialization and loss of competitiveness.”

Celsa reaffirms its leadership and institutional influence

Celsa Group is a leading producer of low-emission circular steel and the largest steel producer in Europe. After one year in office, Jordi Cazorla has had several opportunities to highlight the sector’s needs, including at the Strategic Dialogue on Steel held on March 4. Later, he presented the industry’s challenges to Vice President Séjourné during the planning of the Steel and Metals Action Plan, a roadmap aimed at restoring the sector’s competitiveness.

This week, a new Strategic Dialogue on Steel took place, again chaired by Commission President Ursula von der Leyen, focused on assessing the sector’s response to U.S. tariffs on steel and aluminum imports. Jordi Cazorla participated to share concrete measures to ensure the industry’s sustainability in the current trade environment.

Jordi Cazorla also serves on the Executive Committee of UNESID, alongside representatives of Spain’s five largest steel producers. UNESID represents all steel manufacturing companies in the country.

Celsa is currently the sixth-largest European producer of long steel products and holds the highest level of vertical integration in scrap and steel derivative products in Europe. As a sector leader, it continues to reinforce its position in defending both the industry’s competitiveness and its long-term sustainability, from both a business and institutional standpoint.

Acerca de Celsa Group

Celsa is Europe’s leading producer of low-emission circular steel, operating the continent’s largest circular supply chain. The company recycles ferrous scrap to produce steel using electric arc furnaces—applying the most sustainable and energy-efficient technologies available.

The company is composed of several business groups and operates numerous sites, including steel mills, rolling mills, recycling plants (circular hubs), as well as transformation and distribution companies. Together, these generate direct, indirect, and induced employment for over 10,000 professionals across Europe.

Celsa is committed to tackling the planet’s most pressing systemic risks—resource depletion and climate change. Its targets include reducing CO₂ emissions by 50% and achieving 98% circularity by 2030, with the goal of becoming fully circular and Net Positive by 2050

Press contacts:

Cristina Fontgivell, KREAB
cfongivell@kreab.com

Nuria Jiménez, KREAB
njimenez@kreab.com

The post Jordi Cazorla, CEO of Celsa Group, appointed Vice President of the European Steel Association (EUROFER) appeared first on Celsa.

• This Friday, March 14, the highest representative of the EU Internal Market and Industrial Strategy visited the Celsa Group facilities in Castellbisbal (Barcelona).

• The institutional event was attended by Jordi Hereu, Minister of Industry and Tourism; and Miquel Sàmper, Regional Minister of Business and Employment of the Generalitat de Catalunya.

• Rafael Villaseca, Chairman of Celsa Group, and Jordi Cazorla, CEO, highlighted Celsa’s main figures, and addressed the sustainability and competitiveness challenges of the European steel industry.

Barcelona, 14 March 2025.

Celsa Group, a leading producer of low-emission circular steel, welcomed today Stéphane Séjourné, Executive Vice-President of the European Commission and Commissioner for the Internal Market of the European Union (EU), as part of the preparations for the upcoming Steel and Metals Action Plan, to be published by the Commission on March 19. This roadmap, aligned with the recently launched Clean Industrial Deal, aims to restore the competitiveness of European industry and implement sustainability measures.

The event was also attended by Jordi Hereu, Minister of Industry and Tourism, and Miquel Sàmper, Regional Minister of Business and Employment of the Generalitat de Catalunya, who were received by Rafael Villaseca, Chairman of Celsa Group, and Jordi Cazorla, CEO.

Rafael Villaseca, president of Celsa Group, emphasized: “At Celsa, we are committed to driving innovation, resilience, and strategic growth within the industry. The steel sector faces significant threats, including high energy costs and an influx of unfairly subsidized imports. Large volumes of imported steel, produced under environmental and social conditions that are incomparable to European standards, are displacing clean and sustainable European production and jeopardizing the viability of local manufacturers. It is unacceptable that third-country trade triangulations are being used to circumvent the tariff quotas established under the EU safeguard measures. We eagerly anticipate the European Steel Action Plan, set to be unveiled in the coming days.”

Jordi Cazorla, CEO of Celsa Group, added: “The EU steel industry is at risk. Deindustrialization is already a reality, with the loss of 29 million tons of annual production over the past decade. Strong political action is essential to safeguard European interests. We must curb unfair imports, ensure competitive energy costs, strengthen protection against carbon leakage, and ensure that scrap metal generated within the EU is recycled locally rather than exported.”

On the other hand, Miquel Sàmper, Regional Minister of Business and Employment of the Generalitat de Catalunya, highlighted: “After visiting Celsa’s facilities, I want to emphasize its strong commitment to producing steel using the most sustainable and energy-efficient technologies. This aligns with the objectives of the Government of Catalonia, as we work to support the decarbonization of industry. A competitive and sustainable industrial sector will improve our ability to attract new investments. The new Pact for Industry 2026-2030, currently under development by the Department of Business and Labour, will place sustainability and energy at its core”.

Jordi Hereu, Minister of Industry and Tourism, underlined the importance of industry-led decarbonization efforts, stating: “Companies are increasingly committed to transforming their production processes to enhance energy efficiency and reduce CO₂ emissions. Celsa is a prime example, planning significant investments in energy efficiency, emissions reduction, and digitalization. Our goal is to position Spain as the industrial engine of Southern Europe, strengthening our industrial base and advancing reindustrialization.”

Finally, Stéphane Séjourné, Executive Vice-President of the European Commission, said: “Spain, and particularly Catalonia, is a pillar of European industry—a region that has successfully made industrial decarbonization a driver of economic competitiveness. Today, I have visited two leading projects in the European low-carbon industry. I am pleased to be here at such a pivotal moment, as we mark the first hundred days of the new European Commission’s mandate—one hundred days dedicated to advancing the industry of our continent.”

EU Steel and Metals Action Plan: an opportunity to boost European competitiveness

Following the publication of the Clean Industrial Deal, Jordi Cazorla participated in the Strategic Dialogue on the Future of the European Steel Sector on March 4 in Brussels, alongside European Commission President Ursula von der Leyen and industry leaders. The discussions focused on the challenges and opportunities within Europe’s steel supply chain.

During today’s meeting with Vice-President Séjourné, key measures were proposed for inclusion in the Steel and Metals Action Plan, in alignment with EUROFER’s priorities.

First, there has been a request to review and strengthen EU safeguard measures to reflect current market conditions and prevent unfair competition. Second, there is a need to ensure access to affordable energy to maintain the industry’s competitiveness. Third, it is essential to guarantee an effective Carbon Border Adjustment Mechanism (CBAM) to prevent carbon leakage. Finally, measures should be taken to preserve and recycle ferrous scrap within the EU, reinforcing circular economy objectives.

This dialogue is crucial to ensuring that clean steel production in the EU remains commercially viable, while safeguarding the competitiveness of the steel value chain.

Celsa: Leading the Production of Low-Emission Circular Steel

Celsa is currently the sixth-largest European manufacturer of long steel products and the company with the largest vertical integration in scrap and steel products in Europe. Circularity and sustainability are at the core of its business model, positioning it as a benchmark in low-emission steel production. As Spain’s leading steel recycler and the second largest in Europe, Celsa is fully committed to the circular economy, minimizing environmental impact. Its Castellbisbal plant (Barcelona) is the largest European steel manufacturing complex using EAF (electric arc furnace) technology.

In 2024, Celsa’s finished products contained 97.4% recycled material, with a goal of 98% circularity by 2030. Additionally, 94.4% of steelmaking waste was recovered, improving resource efficiency. The company produced 5.6 million tons of steel from scrap, preventing the extraction of 11 million m³ of natural resources, equivalent to the volume of 10 Empire State Buildings.

By recycling scrap instead of using iron ore, water consumption was reduced by 40%, avoiding 14 million m³ of water usage and over 14,000 GWh/year of electricity consumption. This reinforces Celsa’s commitment to decarbonization, reflected in its Climate Action Policy. The company aims to cut scope 1 and 2 CO₂ emissions by 50% by 2030, and scope 3 emissions by 25%, aligning with the Science Based Targets initiative (SBTi) since 2021.

Celsa continues to lead the transformation of the steel sector toward a sustainable future, ensuring that production aligns with climate challenges, industrial competitiveness, and innovation.

About Celsa Group

Celsa is Europe’s leading low-emission circular steel producer, operating the largest circular supply chain in the industry. It recycles ferrous scrap into new steel using electric arc furnaces—the most sustainable and energy-efficient technology available.

With multiple business divisions, steel mills, rolling mills, and recycling plants, Celsa generates direct, indirect, and induced employment for over 10,000 professionals across Europe.

Celsa is committed to tackling resource depletion and climate change, with ambitious targets to reduce CO₂ emissions by 50% and reach 98% circularity by 2030, ultimately achieving full circularity and becoming a Net Positive company by 2050.

For more information:
Cristina Fontgivell, KREAB
cfongivell@kreab.com
 

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Barcelona, 29th November 2024

Once the Operational Efficiency Plan, developed in collaboration with the consulting firm Bain, was initiated, with the necessary investments for its implementation financed through a capital increase (already approved by the General Shareholders’ Meeting), and once the divestment of certain assets located outside Spain had been carried out, the Celsa Group began the process of incorporating a Spanish investor with an industrial focus, who will acquire a 20% stake in the company.

This initiative aligns with the commitments made by the current shareholders to the Government and is supported by Grant Thornton as a financial advisor to determine the fair market value of the operation, and Citigroup as an advisor for the private placement.

About Celsa

Celsa is Europe’s leading low-emission circular steel producer, boasting the largest circular supply chain in the region. The company recycles ferrous scrap to produce steel in electric arc furnaces, the most sustainable and energy-efficient steelmaking technology available.

Celsa operates several facilities, including steel mills, rolling mills, recycling plants (circular hubs), as well as transformation, distribution, and service companies. It has an industrial presence in Spain, France, and Poland.

The group is committed to addressing some of the planet’s most pressing systemic challenges, such as the depletion of natural resources and combating climate change. To achieve this, Celsa has set ambitious goals: reducing CO2 emissions by 50% and achieving 98% circularity by 2030, with the aim of becoming a fully circular and Net Positive company by 2050.

For more information:
Nuria Jimenez
Tel. +34 693 33 80 47
njimenez@kreab.com

The post Celsa Group began the process of incorporating a Spanish investor with an industrial focus, who will acquire a 20% stake in the company appeared first on Celsa.

Barcelona, November 21, 2024

Sev.en Global Investments is a Czech-based investment group that invests in a variety of sectors, with a focus on power generation and mining of natural resources. The company operates on a global scale, with investments in Europe, Australia, North America, and Asia. Sev.en GI is known for its long-term vision and expertise in building strong businesses that thrive in a constantly evolving market. The company is committed to creating value for both its stakeholders and the communities in which it operates.

Grupo Celsa will devote all the funds received after the divestment to the reduction of Grupo Celsa’s indebtedness in accordance with the legally assumed commitments.

Through this important divestment, which is added to the recent increase in share capital and the launch of an ambitious efficiency plan, Grupo Celsa continues with the implementation of its plan to reorganize its industrial and financial situation, focusing on its operations in Spain and on the reduction of financial leverage.

Citigroup acted as exclusive financial advisor and Linklaters acted as legal advisor to Grupo Celsa.

About Celsa Group

Celsa Group is Europe’s first low-emission circular steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.

The company is made up of several business groups and has 120 work centres, 7 steel mills, 12 rolling mills and 48 recycling plants (circular hubs), as well as processing and distribution companies, which generate direct, indirect and induced employment for more than 70,000 professionals in Europe. It is present in Spain, France, the United Kingdom, Denmark, Finland, Norway, Poland, Sweden and Ireland.

The group works to solve the planet’s greatest systemic risks: resource depletion and the fight against climate change. To this end, it has set itself the objectives of reducing its CO2 emissions by 50% and reaching 98% circularity by 2030 and completing its circularity and becoming a Net Positive company by 2050.

For more information:
Nuria Jimenez
Tel. +34 693 33 80 47
njimenez@kreab.com
 

The post Grupo Celsa has reached an agreement with Sev.en Global Investments (“Sev.en GI”) for the sale of 100% of its subsidiaries in the United Kingdom and in the Nordics. appeared first on Celsa.

Barcelona, 28th October 2024.- CELSA STEEL, S.A., the parent company of the CELSA Group, announced today that its General Shareholders’ Meeting has approved a capital increase of €166 million to fund a comprehensive efficiency and growth initiative.

The capital increase will be implemented in two phases. The first phase, amounting to €81 million, will be directed towards investments and improvements within Spain through Barna Steel, S.A. The remaining €85 million will be allocated in a subsequent phase to enhance operations across the Group’s subsidiaries in Poland, Norway, and Great Britain.

With this capital increase, CELSA Group will embark on a Value Creation Plan, featuring targeted initiatives and investments to boost competitiveness in key areas such as Commercial, Logistics, Procurement, Production, and Manufacturing. These efforts are expected to yield substantial returns, reinforcing CELSA’s strategic position and operational strength.

This plan, developed in collaboration with Bain & Company, will be financed by the capital increase and will complement CELSA’s ongoing investment program, further securing the Group’s future in a competitive global market.

About Celsa Group

Celsa Group is Europe’s first low-emission circular steel producer with the largest circular supply chain in Europe. It recycles ferrous scrap to produce steel in electric arc furnaces, using the most sustainable and energy-efficient technology.

The company is made up of several business groups and has 120 work centres, 7 steel mills, 12 rolling mills and 48 recycling plants (circular hubs), as well as processing and distribution companies, which generate direct, indirect and induced employment for more than 70,000 professionals in Europe. It is present in Spain, France, the United Kingdom, Denmark, Finland, Norway, Poland, Sweden and Ireland.

The group works to solve the planet’s greatest systemic risks: resource depletion and the fight against climate change. To this end, it has set itself the objectives of reducing its CO2 emissions by 50% and reaching 98% circularity by 2030 and completing its circularity and becoming a Net Positive company by 2050.

For more information:
Nuria Jimenez
Tel. +34 693 33 80 47
njimenez@kreab.com
 

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