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Global Trade Alert

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Germany: EUR 1.3 billion financial grant to support ArcelorMittal decarbonise its steel production process in Germany

Description

On 23 February 2024, the European Commission approved a EUR 1.3 billion (USD 1.4 billion) German financial grant to support ArcelorMittal Bremen and ArcelorMittal Eisenhüttenstadt in decarbonising par...

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Intervention Details

Intervention Type

Financial grant

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

23 Feb 2024

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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