Settleable particulate matter (SPM) was collected at two sampling points within an urban area highly affected by nearby industrial activities. Total deposition values up to 386 mg ·m−2·d−1 were registered, the majority of samples exceeding the limit value established in the legislation in force in Spain until 2002 (300 mg·m−2·d−1). Dry deposition values showed high variability (8.6–830.3 mg·m−2·d−1). Forty-one metals and metalloids were analysed in the dry fraction of SPM, the main being Fe and Ca (maximums: 304.4 and 68.6 mg·m−2·d−1, respectively), followed by Al, Mg, Na, K, Mn, Ti, P and Zn. Trace elements like As and Pb reached up to 7.3 and 76.3 μg· m−2·d−1, respectively. Strong correlations (r > 0.90, p-value Furthermore, a human health risk study was carried out to assess the potential carcinogenic and non-carcinogenic risks of exposure to thirteen elements in these particles (Al, As, Cd, Co, Cu, Mn, Mo, Ni, Pb, Sb, Sr, V and Zn). The highest levels of risk seemed to be associated with the presence of As, Pb and Sb.