state support News — GMK Center https://gmk.center/en/tag/state-support/ This is an informational-analytical, discussion platform Fri, 12 Jun 2026 12:50:35 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png state support News — GMK Center https://gmk.center/en/tag/state-support/ 32 32 <![CDATA[South Africa is stepping up measures to support the steel industry]]> https://gmk.center/en/news/south-africa-is-stepping-up-measures-to-support-the-steel-industry/ Fri, 12 Jun 2026 12:50:35 +0000 https://gmk.center/?post_type=news&p=124868 The South African government is stepping up measures to support the steel industry as the country’s steel sector faces global pressure. This was reported by Business Report. At a briefing for the relevant parliamentary committee, the Department of Trade, Industry and Competition (DTIC) outlined a series of measures aimed at protecting steel producers, boosting demand […]

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]]> <![CDATA[The EC has approved an Austrian aid scheme worth €100 million to support clean technologies]]> https://gmk.center/en/news/the-ec-has-approved-an-austrian-aid-scheme-worth-e100-million-to-support-clean-technologies/ Mon, 08 Jun 2026 13:00:23 +0000 https://gmk.center/?post_type=news&p=124631 The European Commission has approved an Austrian programme worth €100 million to support production capacity in the clean technology (cleantech) sector, in line with the objectives of the Clean Industry Agreement (CISAF). This is stated in a press release from the institution. This initiative will complement another Austrian programme approved by the EC in December […]

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]]> <![CDATA[South Australia will provide additional funding for the Whyalla Steelworks]]> https://gmk.center/en/news/south-australia-will-provide-additional-funding-for-the-whyalla-steelworks/ Sat, 06 Jun 2026 06:28:45 +0000 https://gmk.center/?post_type=news&p=124571 The South Australian state government will provide an additional A$319 million ($228.5 million) in funding over the next two years to support the sale and operation of the Whyalla steelworks, according to Argus Media. This support is included in the state budget for 2026/2027. The steelworks has been under external administration since February 2025. Since […]

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]]> <![CDATA[Italy has approved €100 million in additional funding to support Acciaierie d’Italia]]> https://gmk.center/en/news/italy-has-approved-e100-million-in-additional-funding-to-support-acciaierie-d-italia/ Thu, 28 May 2026 10:16:27 +0000 https://gmk.center/?post_type=news&p=124204 The Italian government has approved a new €100 million loan for the steel company Acciaierie d’Italia (ADI), according to Taranto Today. The financial support was included in a decree-law approved by the government late last week. As stipulated, the funds will be used to meet the urgent and unavoidable needs of maintaining the steel plant’s […]

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]]> <![CDATA[The EU has approved new state aid for energy-intensive industries]]> https://gmk.center/en/news/the-eu-has-approved-new-state-aid-for-energy-intensive-industries/ Thu, 30 Apr 2026 09:36:08 +0000 https://gmk.center/?post_type=news&p=123136 The European Commission (EC) has approved a new temporary state aid framework in response to the escalating energy crisis caused by the conflict in the Middle East. Known as the Middle East Crisis Temporary State Aid Framework, it provides member states with additional tools to support energy-intensive sectors, particularly the steel industry, through the end […]

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]]> <![CDATA[Acciaierie d’Italia has secured a €149 million loan]]> https://gmk.center/en/news/acciaierie-d-italia-has-secured-a-e149-million-loan/ Wed, 29 Apr 2026 07:55:43 +0000 https://gmk.center/?post_type=news&p=123071 The Italian steelmaker Acciaierie d’Italia (ADI, formerly Ilva) has received approval for a €149 million bridge loan, according to Rai. The financial support was approved with the publication in the Official Gazette of an executive order from the country’s Ministry of Business and Production. The financing in question is provided for by Decree No. 180 […]

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]]> <![CDATA[South Korea has announced a $54 billion support package for the steel industry]]> https://gmk.center/en/news/south-korea-has-announced-a-54-billion-support-package-for-the-steel-industry/ Fri, 24 Apr 2026 07:41:04 +0000 https://gmk.center/?post_type=news&p=122937 South Korea has announced a large-scale support program for its steel industry to mitigate the effects of the conflict in the Middle East, according to SteelRadar. The support, announced by the Financial Services Commission (FSC), will total 80 trillion won (nearly $54 billion). Of this amount, 25.6 trillion won will be provided through state-owned banks […]

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]]> <![CDATA[Tata Steel’s coking divisions in the Netherlands are facing closure]]> https://gmk.center/en/news/tata-steel-s-coking-divisions-in-the-netherlands-are-facing-closure/ Thu, 09 Apr 2026 13:29:32 +0000 https://gmk.center/?post_type=news&p=122455 Tata Steel IJmuiden is exploring ways to resolve the issue facing two of its coke-chemical units, which are at risk of closure due to excessive emissions of heavy metal particles and carcinogenic benzene. This was announced by the company’s CEO, Hans van den Berg, according to DutchNews. In March, the company paid €8.5 million in […]

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]]> <![CDATA[The EC has approved France’s state aid scheme for hydrogen production]]> https://gmk.center/en/news/the-european-commission-has-approved-france-s-state-aid-scheme-for-hydrogen-production/ Tue, 24 Mar 2026 13:23:10 +0000 https://gmk.center/?post_type=news&p=121794 The European Commission has approved a French support scheme for the production of renewable and low-carbon hydrogen. This is stated in a press release from the institution. The scheme will support the construction of new electrolyzers with a capacity of 1 GW. Funding will be provided through competitive tenders planned in three phases. The first […]

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]]> <![CDATA[A strategy for lending and business support during wartime]]> https://gmk.center/en/opinion/a-strategy-for-lending-and-business-support-during-wartime/ Mon, 23 Mar 2026 10:23:39 +0000 https://gmk.center/?post_type=opinion&p=121708 The Ministry of Economy takes a comprehensive approach to the issue of lending — taking into account both supply and demand. This approach is dictated by the specifics of the current situation: under martial law and a full-scale war, the commercial market is unable to meet all business needs on its own. Andriy Teliupa, Advisor […]

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]]> <![CDATA[State aid of €2 billion for Tata Steel Nederland remains in doubt]]> https://gmk.center/en/news/state-aid-of-e2-billion-for-tata-steel-nederland-remains-in-doubt/ Mon, 16 Mar 2026 10:59:20 +0000 https://gmk.center/?post_type=news&p=121406 A group of economists has warned the Dutch government against granting billions in subsidies to Tata Steel Nederland, stating that the planned support would be “economically inefficient and risky.” This was reported by DutchNews. The economists (117 experts) expressed their concerns in a letter to the government and members of parliament last week. The government […]

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]]> <![CDATA[Keeping British Steel operational costs £1.3 million a day, — regulator]]> https://gmk.center/en/news/keeping-british-steel-operational-costs-1-3-million-a-day-regulator/ Mon, 16 Mar 2026 09:56:00 +0000 https://gmk.center/?post_type=news&p=121394 Over a nine-month period (from April 12, 2025, to January 31, 2026), the British government spent £377 million ($499 million) to keep British Steel’s Scunthorpe plant operational, according to the BBC. Last April, the government took control of British Steel to prevent the closure of the last two blast furnaces in the UK. The National […]

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]]> <![CDATA[The EC has approved a €78 million aid scheme for Slovenia for energy-intensive companies]]> https://gmk.center/en/news/the-ec-has-approved-a-e78-million-aid-scheme-for-slovenia-for-energy-intensive-companies/ Wed, 04 Mar 2026 12:51:22 +0000 https://gmk.center/?post_type=news&p=120926 At the end of February, the European Commission approved Slovenia’s €78 million state aid scheme to partially compensate energy-intensive companies for high electricity prices caused by carbon costs under the ETS. This was reported by SeeNews. The scheme applies to companies in certain sectors that are particularly energy-intensive and exposed to international competition, such as […]

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]]> <![CDATA[The EC has approved France’s €1.1 billion scheme to support investment in clean technologies]]> https://gmk.center/en/news/the-ec-has-approved-france-s-e1-1-billion-scheme-to-support-investment-in-clean-technologies/ Mon, 02 Mar 2026 13:35:21 +0000 https://gmk.center/?post_type=news&p=120818 At the end of February, the European Commission approved a €1.1 billion state aid scheme for France to support strategic investments that add clean technology production capacity. This is stated in the institution’s announcement. It is noted that this will contribute to the transition to a zero-emission economy. The scheme was approved under the Clean […]

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]]> <![CDATA[Germany to increase funding for Salzgitter low-carbon steel project]]> https://gmk.center/en/news/germany-to-increase-funding-for-salzgitter-low-carbon-steel-project/ Tue, 24 Feb 2026 11:35:37 +0000 https://gmk.center/?post_type=news&p=120552 The German government has confirmed additional funding of €322 million for Salzgitter’s plans to produce steel based on green hydrogen. This was announced in a statement by the country’s Federal Ministry for Economic Affairs and Energy (BMWE). The ministry approved the increase in funding for the company’s Salcos project after the European Commission gave its […]

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]]> <![CDATA[The government began funding the «Made in Ukraine» programs in 2026]]> https://gmk.center/en/news/the-government-began-funding-the-made-in-ukraine-programs-in-2026/ Tue, 17 Feb 2026 08:14:49 +0000 https://gmk.center/?post_type=news&p=120179 The government has begun financing key state programs for the development of the real sector of the economy for 2026. This is stated in a report by the Ministry of Economy. The Cabinet of Ministers adopted the relevant decision on the distribution of funds from the special state budget fund for the current year at […]

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]]> <![CDATA[India will support the creation of 8.7 million tons of new capacity for the production of special steel]]> https://gmk.center/en/news/india-will-support-the-creation-of-8-7-million-tons-of-new-capacity-for-the-production-of-special-steel/ Sat, 14 Feb 2026 08:07:36 +0000 https://gmk.center/?post_type=news&p=120100 India has signed memoranda of understanding for 85 special steel projects from 55 companies as part of the third round of its production-linked incentive (PLI 1.2) scheme, according to Observer Voice. The new round of the PLI scheme, designed to promote local manufacturing and enhance global competitiveness, has attracted investments of approximately $1.3 billion. This […]

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]]> <![CDATA[Acciaieria Arvedi will gain access to the Italian support scheme for energy-intensive enterprises]]> https://gmk.center/en/news/acciaieria-arvedi-will-gain-access-to-the-italian-support-scheme-for-energy-intensive-enterprises/ Fri, 13 Feb 2026 12:28:51 +0000 https://gmk.center/?post_type=news&p=120082 Italian steel producer Acciaierie Arvedi has signed an agreement with energy company Metlen to access Energy Release 2.0, an innovative Italian mechanism to support energy-intensive industries. This was announced in a statement by Metlen. The mechanism is managed by the country’s state energy authority, Gestore dei Servizi Energetici (GSE). Energy Release 2.0 is designed to […]

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]]> <![CDATA[The EC approved a €390 million loan to help Acciaierie d’Italia]]> https://gmk.center/en/news/the-ec-approved-a-e390-million-loan-to-help-acciaierie-d-italia/ Wed, 11 Feb 2026 10:54:10 +0000 https://gmk.center/?post_type=news&p=119966 The European Commission (EC) has approved a rescue loan of up to €390 million for Acciaierie d’Italia (Adi, formerly Ilva), Italy’s largest integrated steel producer, in accordance with EU state aid rules. This is stated in a press release from the institution. “The measure aims to ensure that Adi can cover its operating costs until […]

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]]> <![CDATA[UkrFA calls for pilot implementation of state support for the electric steel industry]]> https://gmk.center/en/news/ukrfa-calls-for-pilot-implementation-of-state-support-for-the-electric-steel-industry/ Wed, 28 Jan 2026 10:03:26 +0000 https://gmk.center/?post_type=news&p=119321 The Ukrainian Association of Ferroalloy and Other Electrometallurgical Products Manufacturers (UkrFA) has appealed to the government and Prime Minister Yulia Svyrydenko regarding the critical situation in the electrometallurgical industry and the possibility of piloting state support mechanisms. UkrFA notes critical problems at enterprises in the industry, in particular at one of them – a member […]

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]]> <![CDATA[The Italian government will stimulate the production of stainless steel based on scrap metal]]> https://gmk.center/en/news/the-italian-government-will-stimulate-the-production-of-stainless-steel-based-on-scrap-metal/ Wed, 21 Jan 2026 13:23:55 +0000 https://gmk.center/?post_type=news&p=118998 The Italian government will encourage flat stainless steel producers to prioritize scrap-based production, according to Umbria24. According to Valentino Valentini, Italy’s Deputy Minister of Enterprise and Production, the 2026 budget law provides for an annual allocation of €35 million (until 2028) as a subsidy for companies that produce stainless steel, mainly using scrap and recycled […]

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]]> <![CDATA[Japan to allocate $1.3 billion to clean energy companies]]> https://gmk.center/en/news/japan-to-allocate-1-3-billion-to-clean-energy-companies/ Thu, 25 Dec 2025 08:43:16 +0000 https://gmk.center/?post_type=news&p=118273 Japan plans to allocate 210 billion yen ($1.34 billion) to help companies that use clean energy to finance investments, Reuters reports. In this way, the country seeks to increase demand for renewable energy and stimulate growth in the regions. According to Juntaro Shimizu, director of the Green Transformation (GX) policy group at the Ministry of […]

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]]> <![CDATA[Germany launches €30 billion fund to mobilize private investment]]> https://gmk.center/en/news/germany-launches-e30-billion-fund-to-mobilize-private-investment/ Mon, 22 Dec 2025 09:38:50 +0000 https://gmk.center/?post_type=news&p=118012 Last week, Germany launched the €30 billion Deutschlandfonds initiative, aimed at boosting the competitiveness of its economy by mobilizing private capital. This was reported by the state development bank KfW. The fund is coordinated by the ministries of finance and economy, and the initiative is implemented by KfW, which will use guarantees, loans, and equity […]

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]]> <![CDATA[South Korea passed the K-Steel Act to support steel producers]]> https://gmk.center/en/news/south-korea-passed-the-k-steel-act-to-support-steel-producers/ Fri, 28 Nov 2025 11:34:10 +0000 https://gmk.center/?post_type=news&p=116826 South Korea’s National Assembly (parliament) has passed the K-Steel Act to support the country’s steel producers, according to Business Korea. Under the K-Steel Act, the Minister of Trade, Industry, and Energy is tasked with developing and implementing five-year master plans and annual action plans to strengthen the sector’s competitiveness and support the transition to carbon […]

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]]> <![CDATA[Stegra received a $41 million government grant from Sweden]]> https://gmk.center/en/news/stegra-received-a-41-million-government-grant-from-sweden/ Thu, 27 Nov 2025 09:45:54 +0000 https://gmk.center/?post_type=news&p=116721 Swedish green steel startup Stegra, which is seeking additional funding for its project, has received a government grant of SEK 390 million ($40.9 million, approximately €37 million). The support currently received by the company is provided under the Industriklivet (“Industrial Leap”) program and has been preliminarily approved by the European Commission, with funding provided by […]

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]]> <![CDATA[Canada’s Algoma Steel has finalized a $500 million government financing agreement]]> https://gmk.center/en/news/canada-s-algoma-steel-has-finalized-a-500-million-government-financing-agreement/ Wed, 19 Nov 2025 12:55:05 +0000 https://gmk.center/?post_type=news&p=116260 Algoma Steel Group, a leading Canadian producer of hot-rolled and cold-rolled steel, has announced the completion of a C$500 million financial agreement with the federal and provincial governments of Ontario. The financing includes $400 million from the Canadian Emergency Business Financing Corporation (CEEFC) and an additional $100 million from the Province of Ontario. Both positions […]

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]]> <![CDATA[Big business should be a priority in the state’s security policy – Metinvest CFO]]> https://gmk.center/en/news/big-business-should-be-a-priority-in-the-state-s-security-policy-metinvest-cfo/ Tue, 18 Nov 2025 11:07:32 +0000 https://gmk.center/?post_type=news&p=116183 Big business should be a priority area of the state’s security policy, as it lays the foundation for the development of small and medium-sized enterprises and a strong economy. This was stated by Yulia Dankova, CFO of Metinvest Group, in an interview with Delo.ua. In her opinion, the main thing right now is survival and […]

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]]> <![CDATA[Italian associations concerned about German industrial electricity prices]]> https://gmk.center/en/news/italian-associations-concerned-about-german-industrial-electricity-prices/ Tue, 18 Nov 2025 09:39:44 +0000 https://gmk.center/?post_type=news&p=116171 Italian industry associations have expressed concern about the announced German industrial electricity prices as a step that distorts competition. This was reported by Il Sole 24 Ore. Germany has announced a large-scale intervention to support its energy-intensive industry by introducing a fixed electricity price of €50/MWh for three years, starting in January 2026. This measure […]

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]]> <![CDATA[Investments in processing: what can really kickstart economic growth during wartime]]> https://gmk.center/en/opinion/investments-in-processing-what-can-really-kickstart-economic-growth-during-wartime/ Tue, 18 Nov 2025 06:50:44 +0000 https://gmk.center/?post_type=opinion&p=116095 The development of the processing industry is becoming a key condition for the economic survival of the state during a prolonged full-scale war. It is this industry that ensures the creation of high value-added products and new jobs, generates higher tax revenues, and reduces dependence on imports. In early November, the Verkhovna Rada approved two […]

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]]> <![CDATA[Fortescue secures funding for solar technology development in Pilbara region]]> https://gmk.center/en/news/fortescue-secures-funding-for-solar-technology-development-in-pilbara-region/ Sat, 15 Nov 2025 06:03:21 +0000 https://gmk.center/?post_type=news&p=115986 The Australian Renewable Energy Agency (ARENA) has allocated AUD 45 million to Fortescue Metals Group’s Solar Innovation Hub in the Pilbara region. This was announced in a statement by ARENA. The hub will serve as a 500 MW test site as part of Fortescue’s planned 1.5 GW solar energy development project. It is designed to […]

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]]> <![CDATA[China will promote value-added steel production]]> https://gmk.center/en/news/china-will-promote-value-added-steel-production/ Tue, 04 Nov 2025 11:17:39 +0000 https://gmk.center/?post_type=news&p=115388 China is taking a measured approach to reviving its steel industry, improving prospects for high-end companies while avoiding steps needed to significantly reduce steel supplies, Bloomberg writes. China’s new five-year plan focuses heavily on promises to stimulate consumption and innovation in the economy. However, the government’s campaign to combat overcapacity and destructive competition, including in […]

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]]> <![CDATA[SSAB receives €28.8 million in funding for project in Luleå]]> https://gmk.center/en/news/ssab-receives-e28-8-million-in-funding-for-project-in-lulea/ Fri, 31 Oct 2025 10:55:30 +0000 https://gmk.center/?post_type=news&p=115255 Swedish steel company SSAB has received SEK 314 million (€28.8 million) in funding from the Swedish Energy Agency as part of the Industriklivet program to retool its plant in Luleå. This was announced in a statement by the steel manufacturer. As previously announced, SSAB is investing €4.5 billion in a new electrified and integrated steel […]

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]]> <![CDATA[EU Council approves tax breaks to promote clean industry agreement]]> https://gmk.center/en/news/eu-council-approves-tax-breaks-to-promote-clean-industry-agreement/ Fri, 17 Oct 2025 11:59:26 +0000 https://gmk.center/?post_type=news&p=114567 The Council of the European Union has approved conclusions on tax incentives to promote clean technologies and industry as part of the European Clean Industrial Deal. This is stated in a press release from the institution. The EU Council emphasized the need to revive Europe’s economic dynamism, strengthen industrial resilience, and maintain the bloc’s position […]

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]]> <![CDATA[High electricity prices force EU steelmakers to cut production]]> https://gmk.center/en/posts/high-electricity-prices-force-eu-steelmakers-to-cut-production/ Wed, 15 Oct 2025 06:03:27 +0000 https://gmk.center/?post_type=posts&p=114397 The European steel industry is experiencing a systemic crisis caused by high electricity costs. This has led to massive shutdowns of production facilities, the abandonment of billion-dollar decarbonization projects, and the loss of tens of thousands of jobs. The key reason is the inability of European governments to ensure competitive electricity prices for the metallurgical […]

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]]> <![CDATA[Spain to provide €600 million in subsidies to energy-intensive industries]]> https://gmk.center/en/news/spain-to-provide-e600-million-in-subsidies-to-energy-intensive-industries/ Tue, 14 Oct 2025 10:57:39 +0000 https://gmk.center/?post_type=news&p=114419 The Spanish Ministry of Industry and Tourism has approved a preliminary resolution on subsidies for energy-intensive companies to compensate for indirect CO2 emission costs in the amount of €600 million. This is stated in a report from the ministry. The beneficiaries include the following companies: Arcelor Mittal – €76.1 million (€42.2 million will go to […]

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]]> <![CDATA[Egypt launches stimulus package to support local flat steel production]]> https://gmk.center/en/news/egypt-launches-stimulus-package-to-support-local-flat-steel-production/ Thu, 02 Oct 2025 10:00:46 +0000 https://gmk.center/?post_type=news&p=113993 The Egyptian government recently announced a new stimulus package to support and expand local production of rolled steel products, including cold-rolled, galvanized, and pre-painted steel sheets and coils, according to The Middle East Observer. These products are critical to key sectors such as household appliances, automotive, construction, and medical equipment. The stimulus package is designed […]

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]]> <![CDATA[Algoma Steel to receive $500 million in support from the Canadian and Ontario governments]]> https://gmk.center/en/news/algoma-steel-to-receive-500-million-in-support-from-the-canadian-and-ontario-governments/ Tue, 30 Sep 2025 09:03:37 +0000 https://gmk.center/?post_type=news&p=113890 Canadian steel company Algoma Steel Group has agreed to raise C$500 million in liquidity to support its operations in Sault Ste. Marie, Ontario. The financing includes $400 million from the Canadian government under the Large Enterprise Tariff Loan Facility program and $100 million from the Ontario provincial government, according to a press release. The company […]

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]]> <![CDATA[The US plans to cancel $13 billion in subsidies for green energy]]> https://gmk.center/en/news/the-us-plans-to-cancel-13-billion-in-subsidies-for-green-energy/ Sun, 28 Sep 2025 06:04:15 +0000 https://gmk.center/?post_type=news&p=113800 The US Department of Energy intends to cancel more than $13 billion in support allocated by the Biden administration to subsidize wind and solar energy, batteries, and electric vehicles. This was reported by Reuters, citing information from the agency. As noted, this statement “reflects the administration’s commitment to end wasteful spending and refocus the agency […]

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]]> <![CDATA[South Korea to offer export guarantee program for steel industry amid US tariffs]]> https://gmk.center/en/news/south-korea-to-offer-export-guarantee-program-for-steel-industry-amid-us-tariffs/ Tue, 23 Sep 2025 07:40:04 +0000 https://gmk.center/?post_type=news&p=113629 The South Korean government will introduce a new export guarantee program for the steel industry amid US tariffs. This was announced by the country’s Minister of Industry Kim Jong-kwan, according to The Korea Times. The official made the announcement late last week during a meeting in Pohang with the heads of the country’s major steel […]

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]]> <![CDATA[German steelmakers call for swift implementation of European steel and metals plan]]> https://gmk.center/en/news/german-steelmakers-call-for-swift-implementation-of-european-steel-and-metals-plan/ Thu, 17 Jul 2025 12:36:21 +0000 https://gmk.center/?post_type=news&p=111515 At its last meeting before the summer parliamentary recess at the end of last week, the Bundesrat supported a resolution by the state of North Rhine-Westphalia calling for the rapid implementation of the European Steel and Metals Action Plan (ESMAP). In addition, at the request of three states, a requirement for a national steel summit […]

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]]> <![CDATA[Steel market participants warn of risks in the new EU state aid program]]> https://gmk.center/en/news/new-eu-state-aid-program-will-depend-on-implementation-at-national-levels/ Fri, 04 Jul 2025 12:57:24 +0000 https://gmk.center/?post_type=news&p=111014 Steel market participants and industry observers warn that the new EU state aid framework program designed to support the Clean Industry Agreement (CISAF) could be undermined by uneven implementation at the national level, Fastmarkets reports. Eurometal President Alexandre Julius noted that the association welcomes the new system as a step in the right direction, especially […]

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]]> <![CDATA[Italian government and Arvedi sign agreement on environmental modernization of AST]]> https://gmk.center/en/news/italian-government-and-arvedi-sign-agreement-on-environmental-modernization-of-ast/ Mon, 16 Jun 2025 09:08:02 +0000 https://gmk.center/?post_type=news&p=110241 In Rome, at the Italian Ministry of Enterprise and National Production (MIMIT), a long-awaited agreement was signed between the Italian government, Arvedi, and regional and local authorities on the restoration and environmental modernization of the Acciai Speciali Terni (AST) industrial site. This was reported in a press release from the ministry. As Minister Adolfo Urso […]

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]]> <![CDATA[German government approves €46 billion tax break package for companies]]> https://gmk.center/en/news/german-government-approves-e46-billion-tax-break-package-for-companies/ Thu, 05 Jun 2025 11:15:09 +0000 https://gmk.center/?post_type=news&p=109904 On June 4, the German government approved a €46 billion package of tax breaks – the first in a series of expected measures – to support business and the economy for the period from 2025 to 2029. This is stated in the report of the country’s Ministry of Finance. The goal is to strengthen the […]

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]]> <![CDATA[Spanish Unesid insists on strengthening protection of European steel industry]]> https://gmk.center/en/news/spanish-unesid-insists-on-strengthening-protection-of-european-steel-industry/ Tue, 03 Jun 2025 09:33:27 +0000 https://gmk.center/?post_type=news&p=109756 Spanish steelmakers are calling on the EU to strengthen protection for the sector and help offset high energy costs. This is stated in the report of the Spanish steel association Unesid. The appeal was made during a specialized meeting in Brussels at the end of May. The Spanish steel industry notes that there is an […]

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]]> <![CDATA[Turkey updates the system of state support for investments in the steel sector]]> https://gmk.center/en/news/turkey-updates-the-system-of-state-support-for-investments-in-the-steel-sector/ Tue, 03 Jun 2025 08:59:51 +0000 https://gmk.center/?post_type=news&p=109750 On May 31, 2025, a new presidential decree on state support for investment came into force in Turkey. The document updates the incentive system in the country, in particular for the strategic steel sector. This is stated in the press release of the Turkish Steel Producers Association (TCUD). According to the new rules, investments in […]

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