Toledo steel was actually made from iron coming all the way over land from Mondragon, in Basque country. In XVIIITh century there were worries that this strain was becoming depleted.
Bilbao (Bilbo) profited over selling iron ore abroad. The Dutch in XVIIth century said that the best iron guns were made from a mixture of Swedish and Basque iron, because they had opposite characteristics of tenacity.
The archives of the Burgos Consulado and Oņate have been kept and next to that of wool, there are extensive records of this trade.
Phillip the Second used to order arquebuses and pikes from the same region (Placencia). But when he stopped paying regularly for his orders he damaged the industry.
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