commiss decis februari aid belgian steel pipe tube manufactur french dutch text authent eec commiss european commun regard treati establish european econom commun subparagraph articl thereof parti concern notic submit comment accord provis regard comment juli belgian govern notifi commiss accord articl eec treati intent provid fund state own steel pipe tube manufactur lièg area subscrib bfr billion capit increas bfr billion issu condit particip convert bond commiss author packag aid firm commiss learnt belgian govern confirm letter date juli aid notifi juli govern previous firm assist author commiss contravent articl treati unauthor aid notifi juli total bfr million ad bfr million region aid grant econom expans law preliminari scrutini case show firm make heavi loss spite modern programm aid receiv firm prospect futur recoveri consid doubt commiss manag reli improv financi posit diversif tube top end qualiti rang profit market previous serv firm strategi thought succe overcapac industri make difficult firm captur market share reason aid major distort competit sensit market commiss decid open procedur laid articl treati order hear view concern letter juli gave belgian govern notic open procedur call observ comment invit member state letter date juli interest parti notic offici journal european commun juli spite pend articl procedur belgian govern ahead payment aid notifi juli letter june belgian govern notifi propos grant aid compani form convers bfr million guarante loan capit august commiss extend articl procedur aid call belgian govern submit observ comment invit member state letter date novemb interest parti notic offici journal european commun novemb spite procedur pend belgian govern ahead convers bfr million debt capit aid cover procedur propos convers bfr million debt capit provid disregard articl treati ii observ letter juli septemb repli open extens procedur belgian govern argu place fund provid firm distort competit cost overrun invest programm begun fund govern provid commiss approv unauthor payment restor firm financi posit fund notifi requir pai remaind invest programm meet firm work capit consequ expans sale place year provis fund state held compani share regard belgian govern maintain aid invest capit sharehold affect competit firm sale commun market tonn output tonn small scale affect trade member state belgian govern stress import firm surviv lièg area hard hit declin steel industri final repeat forecast firm break return profit forecast assum suppli contract firm secur main custom soviet union gave larg reduc captiv market continu firm penetr profit market member state associ steel pipe tube produc made represent commiss procedur express strong fear penetr market sever depress overcapac firm embark destabil price cut polici polici made massiv subsidi distort competit commun produc fear strengthen recent develop import restrict usa instal capac ussr eastern bloc countri develop countri made market sensit put commun produc vulner posit final respond point effort member state made reduc excess capac sector belgian firm highli depend export increas capac recent year iii bfr million debt convers articl procedur extend august govern fund decis concern provid belgian govern unlawfulli breach oblig articl treati fund involv aid fall articl inelig except provid articl treati reason iv court justic establish commiss issu notic effect member state provis capit firm govern natur aid fall articl treati privat investor market economi provid financ similar circumst case financi posit compani structur volum debt normal return dividend capit gain expect capit invest reason period case subscript capit govern compani mix public privat ownership take hold significantli origin distribut hand govern provis capit aid privat investor market economi provid financ similar circumst case compani public ownership inject capit compani invest expenditur directli relat thereto aid structur overcapac industri common market compani financi sound appli firm mix ownership govern subscript fund proport exist hold match subscript privat sharehold present case firm belgian govern provid capit industri suffer substanti structur overcapac demonstr statist figur belgian govern suppli show major western countri usa japan eec estim instal capac surplu requir demand seamless tubular good oil industri low level year declin drill activ slow respons depress condit oil market circumst view factor discuss doubt financi posit compani make heavi loss year improv final compani previou privat sharehold withdrawn stage leav govern bear risk keep busi belgian govern fund firm regard subscript capit normal commerci term aid substanti scale fall articl treati year world demand steel pipe tube weak market fierc competit situat wors seamless pipe tube weld world product seamless tube million tonn declin bad pipe tube oil industri account busi firm question price oil industri tubular good fell continu fall firm forecast weak demand continu year ow fall demand oil enorm tube stock built produc oper rate averag commun seamless pipe tube produc manufactur high proport output export eec eec appar consumpt pipe tube half million tonn produc market commun import industri quarter member state export pipe tube eec countri support commun produc directli affect intra commun trade articl treati prohibit aid directli affect trade member state substanti overcapac industri world result price instabl world market import restrict impos usa largest market capac instal develop eastern bloc countri put commun produc vulner posit caus fall back commun market support produc time support produc export output eec bound affect competit posit present condit seamless tube market govern support produc export countri commun produc busi curtail activ conclud aid produc export output commun produc total commun product seamless pipe tube millimetr diamet core busi highli affect trade member state mean articl treati reason set aid inelig except provid articl vi articl treati aid featur principl incompat common market except provid articl inapplic present aid natur object discretionari except provid articl circumst aid serv wider commun interest simpli nation interest member state concern maintain properli function common market observ principl enshrin articl treati except provid articl constru strictli commiss examin aid scheme individu award aid articl except aid promot econom develop area standard live abnorm low underemploy true lièg area hard hit redund due restructur steel industri previou occas commiss establish studi econom social condit belgian region region suffer abnorm low standard live underemploy belgian govern challeng find time present evid capabl modifi assess articl except aid facilit develop econom activ econom area aid advers affect trade condit extent contrari common interest except aid region develop concern commiss note aid grant econom expans law decemb exce ceil region aid laid decis eec aid grant lawfulli except aid develop econom activ affect trade condit inapplic remaind aid year firm financi difficulti belgian govern made attempt overcom commiss author grant firm aid packag ambiti invest programm build tonn capac roll mill doubl firm capac seamless tube confid predict made belgian govern comiss base decis fulfil commiss assur major expans output secur firm futur long term suppli contract soviet union achiev firm fact withdraw soviet market thought insuffici profit unfulfil expect meant financi recoveri forecast belgian govern fail materi firm unabl gener resourc increas work capit need sustain sharpli increas turnov conclus suppli contract soviet union bfr billion bfr billion firm made loss depreci interest charg amount turnov turnov bigger loss expect financi restructur present aid author contribut reduc interest charg normal level turnov firm make loss intern cost save measur plan firm increas product workforc reduct stem loss manag improv commerci perform strategi reli heavili reduc depend soviet market captur share market profit assum firm find cut price captur share market cut price quickli wipe gain expect diversif strategi involv expans sale eec soviet union usa tonn total market expect remain virtual static million tonn increas firm capac present intend suppli captiv market reason basi figur furnish belgian govern commiss consid legitim financ aid divert origin purpos increas excess suppli market open eec export commiss aid circumst allow initi aid packag econom fact todai current condit world market seamless steel pipe tube excess capac run part output previous sold largest export market usa switch market open difficult succe commerci polici expand market share cut price aid bring firm last recoveri conduc econom develop region concern give produc depress market competit advantag rival allow expand market share destabil price polici aid advers affect trade condit extent contrari common interest aid inelig except provid articl conclus upset fact aid firm busi except provid subparagraph articl clear aid intend promot execut import project common european interest remedi disturb belgian economi conclud aid question give firm posit market attain sole merit effici perform aid contribut develop suffici compens result distort trade involv commun firm aid meet condit requir applic except provid articl treati bfr million aid provid unlawfulli belgian govern breach oblig articl treati recov appli fortiori aid bfr million bfr million debt convers fulfil substant condit articl adopt decis articl belgian govern unlawfulli paid bfr million aid refer letter juli juli belgian steel pipe tube manufactur contravent articl treati aid consid compat common market articl treati bfr million aid compani refer belgian govern letter june likewis consid compat common market virtu articl treati belgian govern unlawfulli provid bfr million aid compani contravent articl treati belgium requir recov aid refer articl provid unlawfulli articl belgium inform commiss month date notif decis measur compli therewith articl decis address kingdom belgium brussel februari commiss peter sutherland member commiss oj oj judgment case intermil commiss ecr bull ec point decis eec juli design develop area pursuant articl belgian law decemb oj amend decis eec juli oj