9,102.02 TRY BIST 100 BIST 100
39.55 USD USD USD
5.53 CNY CNY CNY
45.38 EUR EUR EUR
0.12 CNY CNY/EUR CNY/EUR
43.34 TRY Interest Interest
76.78 USD Fossil Oil Fossil Oil
45.34 USD Silver Silver
4.76 USD Copper Copper
92.56 USD Iron Ore Iron Ore
328.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,269.32 TRY Gold (gr) Gold (gr)

UNESID warns against energy costs and import pressure

Energy costs, unfair competition and import pressure are threatening the industry, Spanish steel industry representative UNESID told the General Assembly.

UNESID warns against energy costs and import pressure

Speaking at the General Assembly on Tuesday ( June 17, 2025), the Spanish Association of Steel Industries (UNESID) stressed that the industry is facing serious structural risks, despite the production and export growth recorded at the beginning of 2025. Non-European import pressure, increasing energy costs and competitive inequality are hampering the sector's recovery, the association stated.

According to the data, steel production and exports increased by 11.2% and 4.1% respectively at the beginning of the year. However, according to UNESID, energy costs, which are two to three times higher than in other countries in Europe, and the removal of electricity tariff reductions are adding to the financial pressure on the sector. According to UNESID, this could cost companies an additional EUR 40 million annually.

UNESID announced at its General Assembly that it is demanding an ambitious Europe-wide industrial policy, predictable energy prices and a fair regulatory framework. UNESID argued that without these conditions, Europe's autonomy in strategic sectors such as energy, defense and infrastructure would be at risk.

The association also called for the creation of a permanent and effective trade defense mechanism in view of the new US tariffs on European steel and the imminent expiry of safeguard measures in Europe. “We cannot allow imported steel that fails to meet environmental and social standards to flood the European market,” the statement read.

UNESID noted that 80% of the steel produced in Spain comes from recycled scrap, maintaining its leadership in the circular economy. While calling for a fair green transformation that is technically and economically feasible, it was emphasized that this process should not lead to deindustrialization.

Referring to the increase in women's employment, UNESID announced that the rate increased from 7.7% in 2016 to 10% in 2025. The Union stated that it will continue to support the development of young and female talents in the sector.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Mahmood Saeed Steel signed new steel structure contract for Hyundai plant in Saudi Arabia

Thursday, June 19, 2025

China's May crude steel output decreased by 6.9%

Friday, June 20, 2025

Italy's steel production increased by 3.7% in May

Friday, June 20, 2025

Consumer confidence index increased in June

Friday, June 20, 2025

Outokumpu and Alstom collaborate on low-emission steel

Friday, June 20, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now