IMPLEMENTATION LEVEL

IFI

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 19 Jul 2019 | Removal date: open ended
Still in force

State loan

On 19 July 2019, the European Investment Bank (EIB) and Sidenor Aceros Especiales S.L.U. signed a loan agreement having a total value of EUR 50 million (approx. USD 56 million). The loan is issued under the Mid-cap Programme Loan for Spain and Portugal 2, see related state act.

The loan will support the company's investments in new technologies and equipement to bettering product quality and manufacturing efficiency of the company's steel production line. 

According to the EIB, the objective of the supported investments "... are expected to strengthen the promoter's (ed. Sidenor Aceros Especiales S.L.U.) market position by enabling the manufacturing of higher quality special steels products as well as the development of new products to enter new industry segments. In addition, the investments in new equipment and facilities will raise manufacturing efficiency and support the company's competitiveness in the medium-long term."

Sidenor Aceros Especiales S.L.U. has its headquarters in Spain with branches in Germany, France, Italy and the United Kingdom. The company is a steel producer with pro

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory. 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

411 Basic iron & steel
7224 Other alloy steel in ingots or other primary forms; semifinished products of other alloy steel.
722410 Ingots and other primary forms
722490 Other
412 Products of iron or steel
7213 Bars and rods, hotrolled, in irregularly wound coils, of iron or nonalloy steel.
721391 Of circular crosssection measuring less than 14 mm in diameter
721399 Other
7217 Wire of iron or nonalloy steel.
721790 Other
7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.
722211 Of circular crosssection
722219 Other
722220 Bars and rods, not further worked than coldformed or coldfinished
722230 Other bars and rods
722240 Angles, shapes and sections
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.
722830 Other bars and rods, not further worked than hotrolled, hotdrawn or extruded
722840 Other bars and rods, not further worked than forged
722850 Other bars and rods, not further worked than coldformed or cold finished

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