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Long product demand improves in Spain

The Iberian steel market in 2022 saw an increase in rebar demand compared to the previous year, while sales of light section and commercial profile decreased.

Long product demand improves in Spain

For 2023, stability in the sector and sales in line with last year's levels are expected.

The construction sector is expected to continue to recover on the back of construction projects, while residential construction is expected to be in line with previous years.

The long product market is exposed to tensions in the scrap supply chain due to Turkey's post-earthquake situation and increased demand from China.

Electric power is also expected to remain a determining factor in steel production and prices.

According to the data, Iberian rebar sales increased by 0.5% y-o-y to 2.09 million tons in 2022. 

Iberian rebar sales increased by 0.5% y-o-y to 2.09 million tons in 2022, according to the data. Spanish shipments decreased by 0.6% y-o-y to around 1.52 million tons, making it the most consumed long product in the country. Meanwhile, Portugal's rebar sales increased by 3.6% y-o-y to 570,000 tons.

The Iberian region sold 705,000 tons of commercial sections (-7.4% y-o-y) and 625,000 tons of profiles (-4.7%) in 2022, with Spain accounting for 81.2%.

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