Spain power reforms will 'crush' steel: Unesid
Jul 30, 2013 | 02:58 PM
| Alexandra Chapman
LONDON Spains newly instituted power reforms will be devastating for the future of the countrys steel industry, according to Spanish steel association Unesid.
The reforms, which were introduced in mid-July, will reduce subsidies for renewable energy generation and electricity, and will cost utility companies in Spain as much as 2.7 billion euros ($3.6 billion) and consumers 900 million ($1.2 billion), according to Spanish Industry Minister Jose Manuel Soria.....
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