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Steel & Metal
- Spain -

Spanish UNESID Raises Concerns Over EU Energy Price Policies

The Spanish steelmakers' association, UNESID, has expressed serious concerns about the European Union's lack of decisive action to address soaring energy prices. The association criticized current EU measures, such as the Clean Industrial Pact and the Action Plan for Affordable Energy, as insufficient to tackle the high costs impacting energy-intensive industries like steel.

UNESID highlighted that energy prices in the EU remain significantly higher than in other regions, such as the US and China, creating a competitive disadvantage for European producers. The organization has called for immediate structural reforms to the EU energy market to ensure stable and competitive pricing, emphasizing the urgent need for solutions to safeguard the industry's competitiveness and thousands of jobs.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices