BELGIUM STATE AID CASE
October 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has blocked the participation of Belgium's Wallonia regional government in a joint venture with Swiss steel specialist Duferco and France's Usinor to produce carbon steel and alloy slabs. The new company - called Carsid SA - was to work from the Usinor Sacilor controlled Cockerill Sambre mill in Charleroi, following a 2001 closure announcement by Usinor of the plant's hot-rolling line. This initiative subsequently received competition clearance from the Commission in November 2001, but it ran into trouble over the planned ...
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