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state support - Latest news GMK Center

Photo – Stegra received a $41 million government grant from Sweden
Stegra received a $41 million government grant from Sweden

Support provided on condition that the company secures funding to complete the project by spring

Photo – Canada’s Algoma Steel has finalized a $500 million government financing agreement
Canada’s Algoma Steel has finalized a $500 million government financing agreement

Funding will help the company accelerate its transition to electric arc production

Photo – Big business should be a priority in the state’s security policy – Metinvest CFO
Big business should be a priority in the state’s security policy – Metinvest CFO

The country needs a comprehensive ecosystem that will perceive the steel industry as a basis for production and further investment

Photo – Italian associations concerned about German industrial electricity prices
Italian associations concerned about German industrial electricity prices

The country's industrialists expect support from the Italian government

Photo – Investments in processing: what can really kickstart economic growth during wartime
Investments in processing: what can really kickstart economic growth during wartime

This tool could be a mechanism to support the processing industry, as provided for in draft laws No. 13414 and No. 13415

Photo – Fortescue secures funding for solar technology development in Pilbara region
Fortescue secures funding for solar technology development in Pilbara region

Funding supports up to ten separate projects under a single agreement

Photo – China will promote value-added steel production
China will promote value-added steel production

The future of Chinese steel industry will likely depend primarily on demand

Photo – SSAB receives €28.8 million in funding for project in Luleå
SSAB receives €28.8 million in funding for project in Luleå

The funds are intended for the development of technical solutions for the electrification of slab processing

Photo – EU Council approves tax breaks to promote clean industry agreement
EU Council approves tax breaks to promote clean industry agreement

The Institute, among other things, calls for ensuring the simplicity of such benefits

Photo – High electricity prices force EU steelmakers to cut production
High electricity prices force EU steelmakers to cut production

Electricity costs for industrial consumers in the EU are twice as high as in the US and 50% higher than in China

Photo – Spain to provide €600 million in subsidies to energy-intensive industries
Spain to provide €600 million in subsidies to energy-intensive industries

Support is intended to compensate for indirect CO2 emissions, with steelmakers among the beneficiaries

Photo – Egypt launches stimulus package to support local flat steel production
Egypt launches stimulus package to support local flat steel production

Measures aimed at expanding the country's production capacity and reducing imports

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