The metal industry in Bizkaia had its worst year since the pandemic in 2024 but expects that in 2025 the decline will stop and there will be a “slight” improvement, according to the half-yearly survey of the Biscayan Federation of Metal Companies (FVEM).

The president of this employers’ association, Begoña San Miguel, explained that in 2024, 36% of the metal companies in the territory had a lower activity than expected, turnover decreased by 0.72% and 11% closed the year with losses, although 81% had profits. Looking ahead to this year, a third of the Biscayan companies in the sector expect to improve their results.