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state support - Latest news GMK Center

Photo – EC approves €5 billion in state aid to Germany for decarbonization of industry
EC approves €5 billion in state aid to Germany for decarbonization of industry

Assistance will be provided through bilateral carbon contracts

Photo – Turkish steel industry needs state support – ÇİB
Turkish steel industry needs state support – ÇİB

The association believes that this will play a significant role in the context of growing global competition

Photo – Swiss government offers assistance to steelmakers
Swiss government offers assistance to steelmakers

In March, the retroactive introduction of transitional support was announced

Photo – Australia provides $1.5 billion aid package to Gupta’s Wyalusing steel mill
Australia provides $1.5 billion aid package to Gupta’s Wyalusing steel mill

The announcement of the aid comes after the plant was placed under temporary administration

Photo – The British government reaffirmed its commitment to support the steel industry
The British government reaffirmed its commitment to support the steel industry

Government launches consultation plan for steel industry

Photo – South African government seeks to prevent the closure of ArcelorMittal South Africa plants
South African government seeks to prevent the closure of ArcelorMittal South Africa plants

Government officials are discussing a rescue package, and the company has not yet abandoned its plans to shut down production

Photo – British industry points to problems with government decarbonization policy
British industry points to problems with government decarbonization policy

The business also asks to improve the British CBAM and mitigate the consequences of the introduction of this mechanism in the EU

Photo – British government launches a review of the country’s steel capacity
British government launches a review of the country’s steel capacity

This was one of the first steps of the newly created Steel Industry Council

Photo – The UK government has created a steel industry council
The UK government has created a steel industry council

Council established to advise on future strategy for the industry

Photo – Japan’s JFE Steel’s EAF construction project receives state support
Japan’s JFE Steel’s EAF construction project receives state support

Investments in the project are estimated at $2.1 billion

Photo – Switzerland approves state aid to the steel sector
Switzerland approves state aid to the steel sector

Four enterprises will be exempted from part of the electricity grid usage fee for 4 years

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