The Minister of Industry, Energy, and Mines, Jorge Paradela, during a visit to the Acerinox Factory in Europe (Cádiz), stated that in the current context, prior to the announcements of tariffs by the United States, «it is important for governments to provide certainties, to provide certifications» and asked the Spanish government «what the sector needs.»
Speaking to journalists, Paradela mentioned that «these are moments when the Tariff War, the trade war, adds an additional element to the uncertainty surrounding the global economy for a long time in this particular sector,» referring to steel.
In this regard, he added that «it is true that the exact presence of Acerinox in the United States, with its own factory in Kentucky, is a very important element to protect its own business,» although it has also been emphasized that it also adds in terms of complexity that cheap and comfortable steel, which comes from China and, probably.»
Therefore, the minister pointed out that it is «an element that we must be very careful about.» «We believe that in this context, it is even more important for governments to provide certainties,» he added.
Finally, he asked the government for «this certainty that the sector needs in terms, for example, to see how the 80% discount finally translates into access to the electricity transmission and distribution network, which is a very important element of the energy cost that an energy-intensive sector experiences like this.»
