The move comes almost three years after Strategic Value Partners (SVP), Attestor, DWS, GoldenTree and Cross Ocean took control of the Catalan company as part of its debt restructuring in 2023. At that time, the new owners converted about 2 billion euros of debt into equity. the launch of a recovery plan, which from the very beginning envisaged a future exit from investments.
The decision to put the group up for sale was made during a period of significant improvement in its operational performance. Having completed 2025 with an EBITDA of 396 million euros, Celsa returned to profitability in the first quarter of 2026 and completed the refinancing and transformation process initiated in 2023. The company expects EBITDA to approach 600 million euros in 2026 and 800 million euros in 2027, which confirms the group's estimate.
According to sources, one of the main factors in improving the forecast is the new tariff quota regime (TRQ) of the European Union, which entered into force on July 1, 2026. The new system has significantly reduced the annual volume of steel that can be imported duty-free into the EU and introduced a 50% duty on volumes exceeding the available quotas. Increased EU trade protection measures are expected to benefit European steel producers, including Celsa.
The group's prospects may also benefit from its industrial presence in Poland, where it operates businesses located near the Ukrainian border. According to sources, the possible recovery of Ukraine after the end of the conflict may lead to a significant increase in demand for steel, which will further enhance the strategic value of the group's assets.
