Global Trade Alert
Global Trade Alert

Germany: Export Credit Agency and KfW IPEX-Bank support German companies SMS group GmbH and Thyssenkrupp Nucera's exports to sustainable steel project in Sweden

Announcement

22 Jan 2024

In January 2024, the KfW IPEX-Bank announced providing financing to support the exports by German companies SMS group GmbH and Thyssenkrupp Nucera to a sustainable steel project in Sweden.

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Number of interventions

2

1 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

22 Jan 2024

Revocation date:

No revocation date

Updated: 22 Jan 2024
Local value added incentive In force

The German Export Credit Agency's approval process depends on the percentage of foreign-sourced goods included in the value of the export contract. Export contracts which include a foreign content ...

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Implementation date

22 Jan 2024

Revocation date:

No revocation date

Updated: 22 Jan 2024
Trade finance In force

On 22 January 2024, the KfW IPEX-Bank announced providing financing worth EUR 187.5 million (USD 204.2 million) to support Swedish company H2 Green Steel's (H2GS AB) project to decarbonise the stee...

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