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06 Dec
11:23

EC figures show shrinking state aid for steel

The UK government has adamantly maintained that European Commission (EC) rules on state aid will not allow it to help its struggling steel sector in any direct way, Kallanish notes. EC data show that there has been a strong move away from giving state aid to domestic steel sectors by EU countries in general. The news from Italy on Friday that the Italian government is set to allocate €300 million ($327m) to support an equally struggling steelmaker Ilva (see…
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