IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 30 Nov 2014 | Removal date: open ended
Still in force

State loan

On 30 November 2014, the Exterior Bank of Algeria (BEA) signed two loan agreements with the steel manufacturer Arcelor Mittal Algeria (AMA).

The total amount of the first loan agreement is 600 million US dollars. The loan is designated to finance Arcelor Mittal Algeria's development and modernization project which core scope is to until 2017,  increase the production capacity of the El Hadjar steel plant from 300.00 tonnes to 2.2 million annually. The total amount of the second loan agreement is USD  355 million. The second loan is an operating credit line aimed at financing the working capital requirements of the plant. 

Furthermore, in the same announcement, it was denoted that BEA provided a loan of USD 76 million for the nationalised mines of Arcelor Mittal in the Algerian regions of Ouenza and Boukhadra.

ArcelorMittal Algeria is part of ArcelorMittal S.A., the world's largest steel producer with headquarters in Luxembourg.

Exterior Bank of Algeria is a state-owned Algerian Bank established on 1967. 

 

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

 

 

 

AFFECTED COUNTRIES

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AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7208 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, hotrolled, not clad, plated or coated.
720810 In coils, not further worked than hotrolled, with patterns in relief
720826 Of a thickness of 3 mm or more but less than 4.75 mm
720827 Of a thickness of less than 3 mm
720836 Of a thickness exceeding 10 mm
720837 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720838 Of a thickness of 3 mm or more but less than 4.75 mm
720839 Of a thickness of less than 3 mm
720851 Of a thickness exceeding 10 mm
720852 Of a thickness of 4.75 mm or more but not exceeding 10 mm
720853 Of a thickness of 3 mm or more but less than 4.75 mm
720854 Of a thickness of less than 3 mm
720890 Other
7209 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, coldrolled (coldreduced), not clad, plated or coated.
720916 Of a thickness exceeding 1 mm but less than 3 mm
720917 Of a thickness of 0.5 mm or more but not exceeding 1 mm
720918 Of a thickness of less than 0.5 mm
720928 Of a thickness of less than 0.5 mm
7210 Flatrolled products of iron or nonalloy steel, of a width of 600 mm or more, clad, plated or coated.
721012 Of a thickness of less than 0.5 mm
721030 Electrolytically plated or coated with zinc
721049 Other
721061 Plated or coated with aluminiumzinc alloys
721070 Painted, varnished or coated with plastics
721090 Other
7211 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, not clad, plated or coated.
721114 Other, of a thickness of 4.75 mm or more
721119 Other
721129 Other
721190 Other
7212 Flatrolled products of iron or nonalloy steel, of a width of less than 600 mm, clad, plated or coated.
721220 Electrolytically plated or coated with zinc
721230 Otherwise plated or coated with zinc
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721320 Other, of freecutting steel
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
7217 Wire of iron or nonalloy steel.
721710 Not plated or coated, whether or not polished
721720 Plated or coated with zinc
721790 Other
7219 Flatrolled products of stainless steel, of a width of 600 mm or more.
721914 Of a thickness of less than 3 mm
721932 Of a thickness of 3 mm or more but less than 4.75 mm
721933 Of a thickness exceeding 1 mm but less than 3 mm
721934 Of a thickness of 0.5 mm or more but not exceeding 1 mm
7220 Flatrolled products of stainless steel, of a width of less than 600 mm.
722020 Not further worked than coldrolled (coldreduced)
722090 Other
7223 Wire of stainless steel.
722300 Wire of stainless steel.
7225 Flatrolled products of other alloy steel, of a width of 600 mm or more.
722511 Grainoriented
722599 Other
7227 Bars and rods, hotrolled, in irregularly wound coils, of other alloy steel.
722790 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722870 Angles, shapes and sections
7301 Sheet piling of iron or steel, whether or not drilled, punched or made from assembled elements; welded angles, shapes and sections, of iron or steel.
730110 Sheet piling

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