Unesid Calls for Clarification on EU-US Steel Trade Agreement

Spanish Steel Industry Urges Transparency on EU-US Trade Deal Terms

Spain’s national steel association, Unesid, has raised concerns over the unresolved terms of the EU-US steel trade agreement. Despite the headline announcement of a quota-based system, key details remain unclear, creating uncertainty for Spanish and European producers. Unesid argues that the continued imposition of a 50% tariff on steel exports to the United States harms local companies and undermines trade balance.

According to Unesid, the agreement could become a meaningful step forward if it ensures tariff-free exports within historical volumes and introduces effective mechanisms to curb global steel overcapacity. However, the absence of clear guidelines on how quotas and tariffs will operate prevents steelmakers from planning ahead. Spanish industry leaders now seek explicit answers regarding whether zero tariffs will apply within quotas and the potential consequences of exceeding them.

Adding to the concern, the group criticized the 15% tariff affecting value-added steel products like vehicles. This could directly impact Spain’s industrial exports, particularly in the automotive sector, a cornerstone of the national economy. Unesid has called for temporary state support for companies most affected while continuing to engage with European and national authorities.

50% Tariffs on Steel Remain a Key Obstacle

Although the EU and US announced intentions to shift from blanket tariffs to a more flexible quota system, implementation has stalled. The originally imposed 50% tariffs on steel, aluminum, and copper remain in place, triggering industry-wide frustration. The lack of formalized rules further complicates export strategies for manufacturers across the European Union.

Spanish steelmakers remain particularly vulnerable due to their dependence on export markets. Unesid warned that uncertainty in trade policy could erode competitiveness and reduce foreign investment. They emphasized the need for predictable frameworks that enable fair access to the US market without punitive costs.

Earlier criticisms from European steel producers echo Spain’s position. Industry leaders across the bloc demand fair conditions and safeguards against surges in subsidized imports. Until the EU and US finalize the quota system and clarify duty exemptions, pressure from national associations like Unesid is expected to intensify.

SuperMetalPrice Commentary:

Unesid’s concerns highlight the unintended consequences of vague trade negotiations between major economic blocs. Without concrete implementation, the EU-US steel agreement offers little relief to exporters facing 50% tariffs. For market participants, clarity around quotas and exemptions is essential to forecast trade flows, pricing, and capacity utilization. Expect increased lobbying from European producers and growing pressure on policymakers to finalize a trade framework that balances fairness, competitiveness, and strategic industrial policy.