"The change in the current trade scheme for aluminium and steel would be detrimental to the productive fabric in aggregate terms," the lobby said in its note, adding that Spain's total cast iron and steel exports to the U.S. reached 944 million euros ($977 million) in 2023.

Refrigerators, beers and bicycles stand at risk of higher prices as a result of tariffs on steel and aluminum announced by President Donald Trump this week, experts told ABC News. The tariffs, which take effect next month,

The new 25% tariff rates on steel and aluminum imports into the United States are due to take effect on March 12, according to the executive orders signed by President Donald Trump on Monday.