What Cometal does

Cometal, S.A. is a privately held Spanish trading and distribution company founded in 1963 and headquartered in Madrid, specializing in strategic raw materials for the metallurgical industry. The company supplies ferroalloys (lumpy and cored-wire), mineral concentrates, non-ferrous metals, refractory products, graphite electrodes, powder metallurgy inputs, specialty chemicals, and stainless steel scrap to steelworks and foundries across Spain and international markets. Cometal also offers recycling services for metal-containing waste and residues, positioning itself across the full metallurgical value chain from ore to scrap recovery.

The business operates on a B2B sales-led model with direct customer engagement via phone, email, and departmental contacts, complemented by a multilingual corporate website carrying product catalogs, technical data sheets, MSDS, and compliance documentation. Cometal holds exclusive distribution agreements with a roster of international manufacturers — Rio Tinto QMP, GfE, Dörentrup, PRCO, McKeown International, ASK Chemicals, Graphite India Limited, LAUFFER, DURRANS, HOESCH, and ThyssenKrupp — giving it privileged access to products sourced from Europe, China, India, and North America. International activity is channeled through the EURmetal representation network.

Revenue is generated through one-time raw material trading transactions and professional recycling services, with pricing handled on a quote basis and not publicly disclosed. Cometal differentiates by bundling financing facilitation and absorption of credit, country, and contractual performance risks alongside physical supply, supported by ISO 9001:2015 and ISO 14001:2015 certifications (issued by SGS, with the quality system in place since 1999) and REACH/CLP regulatory compliance. Recent strategic activity includes a January 2023 partnership with McKeown International for AOD converter linings, expansion into recycling services, and a 2026 governance and leadership refresh including a new Board appointment and the senior hire of Martin Perez.

Name

Cometal

Legal name

Cometal, S.A.

Website

https://cometalsa.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

11–50 employees

Short description

Cometal, S.A. is a privately held Madrid-based trading and distribution company, founded in 1963, supplying strategic metallurgical raw materials — ferroalloys, refractories, graphite electrodes, and specialty chemicals — to steelworks and foundries across Europe and international markets under multiple exclusive distribution partnerships.

Ownership category

akta.pro rank

Product category

Metallurgical Raw Materials Distribution

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510), Recyclable Material Merchant Wholesalers (42393)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Scrap Metal Export/Import & Trading (International Sourcing, Compliance, Documentation) (IMAKAMAL)

akta.pro secondary industries

Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB), Scrap Metal Collection, Logistics & Aggregation (Yards, Roll-off, Container Programs) (IMAKAMAK), Industrial Minerals Trading (Phosphate, Potash, Sulfur, Borates, Barite, Talc) (IMAKAJAF), Non-Ferrous Scrap Processing & Recycling (Aluminum, Copper, Brass, Lead, Zinc) (EUAIAJAB)

Keywords

• Metallurgical raw materials
• Ferroalloys trading
• Steel industry supplies
• Foundry materials distribution
• Industrial minerals trading

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Raw Materials Trading: Cometal generates revenue through the trading and distribution of strategic raw materials for the metallurgical industry, including ferroalloys, metals, mineral concentrates, and related products for steelworks and foundry sectors. The company also facilitates financing and takes on credit, country, and contractual performance risks as part of their service offering.
2. Recycling Services: Services for recycling of metal-containing waste and residues, providing waste dealer services with full legal/documentation management and traceability.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Cometal trades and distributes strategic raw materials for the metallurgical industry, supplying ferroalloys, mineral concentrates, non-ferrous metals, alloys, refractories, graphite electrodes, and chemical products to steelworks and foundries. The company also offers recycling services for metal-containing waste and residues. Beyond physical supply, Cometal provides financing facilitation and absorbs credit, country, and contractual performance risks for its customers, supported by maintained local stock for immediate delivery.

Product overview

Cometal is a strategic raw materials supplier for the metallurgical industry with over 60 years of experience. The company offers a comprehensive portfolio of products organized into: (1) Steelworks products including mineral concentrates, lumpy ferroalloys, ferroalloys in cored-wire, graphite electrodes, stainless steel scrap, and refractories; (2) Foundry products encompassing iron and steel foundry solutions, aluminum foundry products, and refractory materials; (3) Powder metallurgy including sintering powders, welding fluxes, and hydraulic presses; and (4) Chemical products and recycling services. The product range includes both lumpy and wire-form ferroalloys, various alloys (aluminum, copper, nickel-based), non-ferrous metals, inoculants, nodulizers, and master alloys. Cometal represents international manufacturers like Rio Tinto QMP, Graphite India Limited, Puyang Refractories PRCO, Dörentrup, and McKeown.

Differentiator

Problem solved

Functional benefit

Brands

• EURmetal: International representation network for Cometal's international activities

Products and services

• Mineral Concentrates Strategic mineral concentrates for metallurgical applications in steel and foundry sectors.
• Lumpy Ferroalloys Lumpy ferroalloys for steel manufacturing, including various types of Ferrochrome.
• Ferroalloys in Cored-Wire Ferroalloys in cored-wire form for specialized treatment of liquid steel.
• Alloys Wide range of aluminum, copper, and nickel-based alloys for foundry applications including master alloys for nodulizing.
• Metals Non-ferrous metals including silicon, chromium, copper, nickel, manganese, magnesium, and molybdenum in various forms.
• Products for Iron and Steel Foundry Comprehensive product range for iron foundry including ferroalloys, inoculants, nodulizers, master alloys, melt cleaners, recarburizers, and shot blast materials.
• Products for Aluminium Foundry Products for primary and secondary aluminum foundry including primary aluminum alloys, master alloys, grain refiners, fluxes, and degassing products.
• Refractory Products Refractory products for steelmaking and foundry applications including bricks, isostatic pieces, and prefabricated components from suppliers like Puyang Refractories, Dörrentrup, and McKeown.
• Stainless Steel Scrap Stainless steel scrap AISI 304L and 316L with specified chromium and nickel content for recycling.
• Powder Metallurgy Powder metallurgy products including Rio Tinto QMP iron and steel powders, welding electrode fluxes, and Lauffer hydraulic presses for compaction and calibration.
• Graphite Electrodes Graphite electrodes from Graphite India Limited (GIL) for electric arc furnaces, ranging from 75mm to 750mm diameter.
• Chemical Products Chemical products including high-purity vanadium salts, calcium cyanamide, antimony trioxide, sodium nitrate, cerium oxides, and other specialty chemicals.
• Recycling Services Waste recycling services for materials containing metals or metallic oxides including dust, spent catalysts, electronic waste, batteries, and scrap.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core.

• McKeown InternationalcoreTechnology or Integration · 1 January 2023Partnership starting January 2023 for supply and technical assistance for AOD converter linings in stainless steel mills. McKeown is a North American multinational with 35 years of experience manufacturing refractories for steelmaking applications including BOF converters, EAF furnaces, ladle linings, AOD converters, and RH degassers.
• Rio Tinto QMPcoreTechnology or IntegrationExclusive distribution partnership for Rio Tinto QMP iron and steel powders for powder metallurgy applications. Rio Tinto QMP is the only significant powder producer in the world using a single source of iron ore for its manufacture, offering exceptional cleanliness and consistency. Products include ATOMET series powders (ATOMET 22, 24, 25, 28, 29, 1001, 4001, 4201, 4401, 4601, 4701, 4801, 4901, DB46, DB48, DB49).
• GfE Gesellschaft für Elektrometallurgie mbHcoreTechnology or IntegrationExclusive representation for GfE vanadium compounds including Ammonium Metavanadate, Sodium Metavanadate, Ammonium Polyvanadate, and Vanadium Pentoxide. These high-purity vanadium salts are used as raw materials for enamel frits, ceramics, electronics, glass colorants, and industry.
• Dörentrup Feuerfestprodukte GmbH & Co. KGcoreTechnology or IntegrationExclusive representation for Dörentrup refractory products for foundry applications. Dörentrup has over 100 years of experience supplying refractories for iron, steel, and non-ferrous metal foundries. Products include refractories for induction furnaces, maintenance furnaces, ladles, rotary furnaces, and copper/non-ferrous applications.
• Puyang Refractories Group (PRCO)coreTechnology or IntegrationDistribution of Puyang Refractories products for steel industry applications. PRCO is the largest refractory supplier for Chinese steel industry with 700,000 tonnes annual production capacity across 13 plants. Owns 5 mines in China including high-purity magnesia mine in Tibet. Products include magnesia carbon bricks, AMC and MAC bricks, and isostatic pieces.
• ASK ChemicalscoreTechnology or IntegrationDistribution of ASK Chemicals foundry products including INFORM wire treatments, inoculants (CSF 10, Dekastan 08, Inoculoy 63, Inogen 75, SB 5, SB 10, Optinoc Z, SMW 605, VP 116, VP 216, VP 316, ZM 6), nodulizers, master alloys, melt cleaners, and carburizers (DURRANS brand).
• Graphite India Limited (GIL)coreTechnology or IntegrationDistribution of Graphite India Limited graphite electrodes for electric arc furnaces. GIL pioneered graphite electrode manufacturing in India in 1967 with 6 manufacturing plants producing approximately 98,000 tonnes/year. Products range from 75mm to 750mm diameter electrodes.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Kloeckner & Co SE: German-headquartered metal service center and digital distribution platform serving European and North American customers with steel, aluminum, and specialty metals. Comparable as a major European metal merchant wholesaler with broad product portfolio, but operates at much larger scale with proprietary digital platform (Kloeckner XOM).
• ThyssenKrupp Materials Services: Global metals and materials distribution arm of ThyssenKrupp, supplying carbon steel, stainless, aluminum, and specialty alloys to industrial customers. Directly comparable as a broad-incumbent metallurgical materials distributor with European footprint, though much larger and operating its own service centers.
• Tata International (Metals Trading): Trading arm of the Tata Group distributing steel, ferroalloys, and metallurgical raw materials across emerging markets. Comparable as a diversified metals trader with international scope and agency arrangements, but operates as part of a much larger conglomerate.
• SIMS Metal Management (Sims Limited): Global leader in metal recycling and scrap trading, with operations across North America, Europe, and Australasia. Comparable in the metal recycling and stainless steel scrap distribution segment that forms part of Cometal's portfolio, but operates at massive scale with proprietary collection infrastructure.

Emerging players

• Brenntag AG: Global market leader in chemical and specialty ingredients distribution, including specialty chemicals and REACH-managed substances. Partial overlap with Cometal's chemical products line (vanadium compounds, calcium cyanamide, antimony trioxide) where European regulatory complexity is comparable.

Direct peers

• Metal One Corporation: Japan-headquartered steel products trading company jointly owned by Mitsubishi and Sojitz, distributing flat steel, specialty steel, raw materials, and ferroalloys globally. Comparable in international metallurgical materials trading with extensive agency mandates from Asian producers, similar to Cometal's Asian supplier relationships.
• Traxys (Trafigura's metals arm): Global commodity trading and distribution company specializing in metals, minerals, and bulk alloys with strong presence in Europe and the Americas. Closest direct peer given similar focus on metallurgical raw materials trading, agency representation, and international supply chain for steel/foundry end markets.
• Duferco International Trading Holding: Swiss-based independent commodity trading and steel distribution company operating worldwide in steel products, raw materials, and metallurgical inputs. Comparable mid-size international steel/metallurgical trader with similar agency-based business model.
• Stemcor (Stemcor Global Holdings): London-based independent steel trading company specializing in international sourcing and distribution of carbon steel, stainless steel, raw materials, and ferroalloys. Highly comparable mid-sized international metallurgical trader with agency mandate model similar to Cometal.

Regional players

• Reliance Metalcenter: U.S.-based metal service center network distributing carbon steel, aluminum, stainless steel, and specialty alloys to industrial buyers in North America. Comparable as a metal merchant wholesaler with value-added processing, though focused on North American market whereas Cometal is Iberian.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/cometalsa
• LinkedInlinkedin.com/company/cometal-s.a.

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cometal