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Steel sector may fall under revised EU rescue subsidy approach

( August 22, 2025, 13:00 GMT | Official Statement) -- MLex Summary: The steel industry may be covered by revised EU rules that determine when governments can use state funds to rescue and restructure companies. In a consultation opened today, the European Commission is taking a fresh look at the Rescue and Restructuring Guidelines that apply to companies outside of the financial sector, aiming to update the rules, which date back to 2014. The regulator is considering changing the definition of companies eligible for aid and adding the steel industry to the scope. The “call for evidence” is open until Nov. 14.The press release follows. To access the consultation page, click here. The call for evidence is attached. ...

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