Unwelcome aid

Payments of £1.5m state aid to Luxembourg steel producer Arbed in 1994 for installing an electric arc furnace, have been ruled illegal by the European Court of First Instance. The case was brought against the European Commission by the UK Steel Association which said the investment was driven by depletion of raw materials not environmental […]

Payments of £1.5m state aid to Luxembourg steel producer Arbed in 1994 for installing an electric arc furnace, have been ruled illegal by the European Court of First Instance. The case was brought against the European Commission by the UK Steel Association which said the investment was driven by depletion of raw materials not environmental concerns.