state aid - Latest news GMK Center

The approval of the financing, according to the source, may take place in the coming weeks

The company expects subsidies from the UK to decarbonize the steel plant in Port Talbot

The company plans to replace two blast furnaces with electric arc furnaces. The total cost of the project exceeds €1 billion

The company needs help in financing the construction of a DRI production plant in Duisburg

The benefits will be attractive to investors in new, developing industries

The company seeks to learn about the details of steel support by July 2023

In the next six months, a working group will search for an investor

The companies' two plants account for 95% of the UK's steel sector emissions.

In 2023, the plant in Taranto plans to produce 4 million tons of steel

10 countries believe EU should use already approved funds

Thanks to the support of the state, the Italian steel enterprise sets ambitious goals for the coming years

Each of the companies will receive grants in the amount of about £300 million ($371 million)