The association evaluated the regulation in question as a necessary step, particularly in response to the rapidly increasing energy costs in recent times.
UNESID pointed out that the escalation of international tensions has created direct and significant pressure on the cost structure of the steel sector. According to the association’s assessment, in addition to the increase in electricity and natural gas prices, rising logistics expenses and the costs of certain critical inputs are imposing an additional burden of approximately EUR 60 million per month on the Spanish steel industry. Some companies operating in the sector also state that the increase in variable costs has reached levels of 20% to 25%.
Highlighting that this cost pressure poses a risk to the sector’s competitiveness, demand outlook, and investment decisions, UNESID stated that the approved measures could partially mitigate this impact. The association emphasized that reducing the pressure on energy costs could provide significant reassurance for companies going through a challenging period.
UNESID CEO Carola Hermoso also stated that the decision taken in an environment of high energy volatility and global uncertainty responds to the urgent needs of the sector. Hermoso noted that every step aimed at reducing energy costs for companies is important and that such measures could alleviate part of the existing pressure.
On the other hand, UNESID stated that current developments show that solutions should not be limited to short-term measures only. The association emphasized the importance of establishing a more stable and long-term framework that will permanently reduce the high energy costs faced by the Spanish industry.
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