Prices in the Iberian coil market are rising, demand is recovering
The Spanish hot-rolled steel market is approaching Christmas, prices for it remain stable after a slight recovery in demand in early December, according to sources in the Kallanish market.
"In early December, we saw an increase in purchases of HRC," says one of the sellers. "This month, buyers from the main demand sectors have purchased larger quantities of HRC. Their recent purchases, both in terms of volume and short delivery times, show that they are closely monitoring the possible consequences of the latest decisions of the European Commission on trade policy," he explains.
Most of the supplies are carried out domestically, as buyers are very cautious about imports, and after the introduction of the carbon dioxide Emissions Control mechanism (CBAM) from January 1, 2026, costs are expected to increase.
"Selling prices for steel are rising, but market consumption is lagging. The usual sales levels to cover new purchases have been distorted, and we cannot avoid losses due to inventory shortages," a market participant confirms.
Spanish steel distributors agree that steel shortages are expected in early 2026 and note that delivery times will be crucial for the market.
Spanish steelmakers refuse to make concessions regarding the prices of HRC, which currently amount to 610-620 euros per ton (715.9-727.7 dollars). ArcelorMittal offers this material for 40-50 euros more expensive per ton.
Prices of HRC steel distributors range from 690-710 euros per ton.
Author: Todor Kirkov Bulgaria
Kallanish.com