|Predecessor||Corporacion de la Siderurgia Integral (1991)
Altos Hornos de Vizcaya (1902)
Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and Altos Hornos de Vizcaya.
In 1950 the state owned company Empresa Nacional Siderúrgia Sociedad Anónima (ENSIDESA) was formed to increase Spain's steel production, part of the industrialisation and modernisation of Spain that led to the Spanish economic miracle of the 1960s.
In 1991 the state owned company ENSIDESA was merged with Altos Hornos de Vizcaya to form the Corporacion de la Siderurgia Integral from which the Corporación Siderúrgica Integral (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process).
In 1997 Aceralia Corporación Siderúrgica was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg based steel group Arbed. As soon as it was formed it was also privatised.
- Pierangelo Maria Toninelli (2000). "The rise and fall of state-owned enterprise in the western world". books.google.co.uk. Cambridge University Press. Public versus private growth patterns: Case studes : The Iron and Steel Industry, pp.220-222.
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