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Global Trade Alert

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Germany: State aid to support ThyssenKrupp Steel Europe in decarbonising steel production and production of green hydrogen

Description

On 20 July 2023, the European Commission approved a state aid scheme from Germany. Support is provided, among others, in the form of a EUR 550 million (USD 615.8 million) financial grant to support Th...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Jul 2023

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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