icon

state support - Latest news GMK Center

Photo – Algoma Steel to receive $500 million in support from the Canadian and Ontario governments
Algoma Steel to receive $500 million in support from the Canadian and Ontario governments

The funds will help the company weather the impact of US tariffs and accelerate its transition to electric arc furnace production

Photo – The US plans to cancel $13 billion in subsidies for green energy
The US plans to cancel $13 billion in subsidies for green energy

It is still unclear which projects will be cut

Photo – South Korea to offer export guarantee program for steel industry amid US tariffs
South Korea to offer export guarantee program for steel industry amid US tariffs

The government promises to continue negotiations with Washington on reducing tariffs

Photo – German steelmakers call for swift implementation of European steel and metals plan
German steelmakers call for swift implementation of European steel and metals plan

The industry insists on the need for effective trade measures

Photo – Steel market participants warn of risks in the new EU state aid program
Steel market participants warn of risks in the new EU state aid program

Energy prices and protection against unfair imports remain a problem for the region's steelmakers

Photo – Italian government and Arvedi sign agreement on environmental modernization of AST
Italian government and Arvedi sign agreement on environmental modernization of AST

The agreement envisages investments of over €1.1 billion, decarbonization of production and job preservation

Photo – German government approves €46 billion tax break package for companies
German government approves €46 billion tax break package for companies

The package is designed to stimulate the economy in 2025-2029

Photo – Spanish Unesid insists on strengthening protection of European steel industry
Spanish Unesid insists on strengthening protection of European steel industry

This is a new effective tool for trade protection and energy cost reduction

Photo – Turkey updates the system of state support for investments in the steel sector
Turkey updates the system of state support for investments in the steel sector

The new system includes 5 types of incentives for metallurgical investments across the country

Photo – Government support for British Steel reached almost £100 million
Government support for British Steel reached almost £100 million

The companies were provided with working capital to pay salaries, purchase raw materials and operate their businesses

Photo – The Japanese government has prepared a package of measures to mitigate the effects of US tariffs
The Japanese government has prepared a package of measures to mitigate the effects of US tariffs

US tariffs could significantly harm the auto sector and steel industry

Photo – UK to expand support for exporters amid tariff shocks
UK to expand support for exporters amid tariff shocks

This decision increases the lending capacity of the government agency UK Export Finance

1 2 3 4 5 6 7