1970

The Acerinox project starts to become a reality in late January - early February, when Victoriano Muñoz Cava, at the request of José María Aguirre Gonzalo (the then Vice President of Banesto), begins negotiations with Nisshin Steel and Nissho Iwai for the company's foundation contracts, which are signed on 21 April in Tokyo.

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Just five months later on 30 September 1970, Acerinox, S.A. is incorporated with the following shareholders:

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-Banco Guipuzcoano

-Banesto

-Bandesco

-Nisshin Steel Corp.

-Nissho Iwai Corp.

-D Efren Beltrán

-D. Manuel Umbert

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The offices are set up on the eighth floor of Calle Hermosilla, 8 in Madrid, and the first group of Japanese technicians arrive immediately to work on the future plant.

1972

In January the first group of Spanish technicians leaves for Japan.

The then Minister of Industry, José María López de Letona, visits the construction site of the Palmones factory. Furthermore, in November the finishing shop starts up.

1974

In May, the Board of Directors approves the melting shop, dock and BA finishing no. 1 project. The second group of Japanese technicians arrives at the melting shop in March. The South and the Catalonia Offices open in April and June, respectively.

1976

In March, the SZ no. 2 group is launched in Acerinox Europa. Similarly, in July, the electric arc furnace and the AOD no. 1 of the plant start up, and the dock gets under way.

1978

Construction of the factory, which now has the first annealing and cold rolling lines, continues.

1971

Following the acquisition of land, the designing of the factory and the hiring of the first professionals who would form the company, on 18 October the first stone of what would eventually become the Acerinox Europa plant is laid. In June, the headquarters is moved to Calle Doctor Fleming, 51, what was then the northern tip of Madrid.

1973

On 13 July, the then Prince of Asturias, Juan Carlos de Borbón, officially inaugurates the factory. In April, the SZ no. 1 group is launched and the first products are exported. In June, the Northern Office is opened.

1975

In July, the second group of Spanish technicians from the melting shop travels to Japan.

Additionally, in March the Central Office, and in May the Acerinox France Office, the first outside of Spain, open.

1977

In December, Continuous Casting (CC) and the Bright Annealing (BA) no. 1 finishing line of Acerinox Europa start up.

1979

In December, the Commercial Office of Acerinox Chile is created and, subsequently, a warehouse is opened. After the French office, Chile is the second country to have Acerinox offices.