IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
‚Üź back to the state act
Inception date: 30 Nov 2010 | Removal date: open ended
Still in force

Trade finance

The export loan was announced in November 2010 and finances deliveries and services linked to the construction of an electric submerged arc furnace ('Lieferungen und Leistungen im Zusammenhang mit der Errichtung von vier Elektroreduktionsöfen') in China. The benefitting German exporter is SMS Siemag AG.

The German Eximbank only publishes value ranges for the projects it finances. The present project is in category 2. This category includes projects with a financing value between 16 and 50 million EUR. The GTA assumes the lower bound amount of the respective category, in this case 16 million EUR (21 million USD), as the conservative estimate of the project value.

The maturity of the loan is not specified. The financing institution is not identified in this case.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

434 Ovens & furnace burners & parts
8514 Industrial or laboratory electric furnaces and ovens (including those functioning by induction or dielectric loss); other industrial or laboratory equipment for the heat treatment of materials by induction or dielectric loss.
851420 Furnaces and ovens functioning by induction or dielectric loss

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