commiss decis februari aid grant ireland steel compani irish steel english text authent text eea relev ecsc commiss european commun regard treati establish european coal steel commun paragraph articl thereof consult consult committe unanim assent council year commun steel industri difficult period begin due gener slowdown economi slow constant decreas demand steel increas suppli accompani collaps price addit intern market exchang rate dollar remain unsatisfactori pressur import eastern europ trade disput usa affect substanti commun export market combin aggrav financi situat steel compani commun slight recoveri demand increas price price level strength durat cyclic upturn uncertain pictur product sector remain mix demand structur steel construct industri remain weak high stock level downward pressur price underlin continu structur imbal suppli demand ii march irish govern notifi commiss restructur plan irish steel public financi assist intend support assist compris total irl million made irl million equiti irl million guarante loan irl million drawn time irish govern announc negoti open sale share control compani april commiss decid initi procedur provid articl commiss decis ecsc hereinaft refer steel aid code investig measur notifi notifi irl million loan guarante grant irish govern compat common market meantim irish govern continu effort find industri partner septemb irish author effect withdrew earlier notif submit revis notif commiss relat public financi assist measur link restructur compani framework sale privat own compani ispat intern open bid procedur irish steel isl state own compani oper ireland steel make roll plant situat haulbowlin cobh counti cork notifi restructur plan ispat purchas share irish steel irl debt liabil outstand interest free govern loan irl million previous approv commiss written addit ispat make capit inject irl million undertak make invest year total irl million restructur plan full util exist liquid steel capac tonn annum product billet current spare capac meltshop exist hot roll capac tonn annum finish product section annual averag workforc level maintain level period year novemb workforc number propos public financi assist measur link sale compani includ aid element incompat ecsc treati provis steel aid code commiss estim aid amount maximum irl million serv purpos maximum irl million write interest free govern loan cash contribut maximum irl million cover balanc sheet deficit cash contribut maximum irl million cover specif remedi environment work cash contribut maximum irl million cost servic debt cash contribut maximum irl million cover deficit pension scheme cash contribut maximum irl million account revis restructur plan condit council assent indemn maximum irl million respect residu taxat cost financi claim aris past maximum irl million repres aid element contain state guarante loan amount irl million includ procedur open articl steel aid code sale agreement effect investor provid counter cover indemnifi state risk guarante iii restructur plan revis sale agreement base consid viabl commiss privat investor familiar steel busi intern track record turn round loss make steel work prepar risk consider amount capit investor select open bid procedur demonstr willing assum risk compani futur viabil aid cover sale agreement assess viabil confirm review restructur plan extern expert appli criteria impos commiss previou similar case accept commiss iv extrem difficult commun steel market situat year endang sector member state includ ireland aim provid steel industri ireland sound econom viabl structur contribut achiev object treati articl commiss consid public financi assist measur propos ireland achiev aim commiss find face situat specif provid treati except circumst recours paragraph articl treati enabl commun pursu object set initi articl thereof time essenti ensur aid approv limit absolut import adequ counterpart measur commensur amount aid exception approv aid advers affect trade condit commun extent contrari common interest hand addit normal competit consider commiss assess case account special situat ireland light council declar annex conclus industri council meet februari commiss invit examin problem specif member state small compani measur produc special neg effect case technic capac reduct counterpart aid close plant irish steel hot roll mill increas exist capac liquid steel hot roll finish product result product improv period year start date payment aid plan order ensur current imbal suppli demand commun steel market exacerb order ensur market distort effect minim essenti number condit impos compani extend current rang finish product commun commiss novemb year produc beam larger size current rang size period current rang beam limit product commun market largest beam imperi beam metric ip beam cumul tonn annum period limit impos annual level product hot roll finish product semi finish product billet financi year june level european sale defin purpos decis commun switzerland norwai finish product subject limit period vi ensur restructur period aid approv enabl compani return viabil aid amount strictli context ensur compani result financi restructur measur obtain unfair advantag compani sector provid outset net financi charg annual turnov current averag commun steel compani requir compani legal successor allow claim grant tax reduct relief past loss cover aid addit loan normal commerci condit preferenti treatment accord fresh public debt incur vii implement decis requir strict monitor commiss restructur period june order carri monitor effect commiss requir full close collabor ireland clear strict report oblig impos element requir close attent grant aid restructur plan sourc term condit financ provid plan limit capac product sale effect market invest carri financi perform commiss submit monthli report council inform develop ensur aid purpos unfair competit practic addit commiss requir spot check made accord articl ecsc treati order verifi inform provid complianc condit attach author aid context member state make complaint commiss state aid enabl compani underpric commiss initi investig pursuant articl ecsc treati commiss basi inform provid find condit laid decis pursuant articl met articl ecsc treati appli prejudic penalti commiss impos virtu ecsc treati commiss decid report quarterli basi decid mandat independ consult select agreement ireland assist monitor task commiss exercis power ensur aid compani meet condit decis includ progress viabil oblig result applic ecsc treati monitor report substanti deviat final data viabil assess made commiss requir measur reinforc restructur measur viii decis pursuant articl ecsc treati author state aid extraordinari charact provis articl view commiss exception author aid propos case subject observ condit requir lai time commiss close procedur open pursuant articl steel aid code aid involv intend restor compani viabil june regard final return viabil achiev date ireland request derog pursuant articl compani adopt decis articl maximum amount aid ireland plan grant publicli own steel compani irish steel connect sale regard compat orderli function common market provid condit articl met maximum irl million write interest free govern loan cash contribut maximum irl million cover balanc sheet deficit cash contribut maximum irl million cover specif remedi environment work cash contribut maximum irl million cost servic debt cash contribut maximum irl million cover deficit pension scheme cash contribut maximum irl million indemn maximum irl million respect residu taxat cost financi claim aris past maximum irl million repres aid element contain state guarante loan amount irl million aid calcul enabl compani return viabil june case viabil attain date ireland request derog pursuant articl ecsc treati compani aid purpos unfair competit practic prejudic aid measur refer articl loan compani normal commerci term beneficiari compani receiv debt holidai friendli treatment debt state articl beneficiari compani increas exist liquid steel capac tonn annum exist hot roll capac tonn annum finish product result product improv period year start date payment aid plan beneficiari compani extend current rang finish product commun commiss novemb year produc beam larger size current rang size period current rang beam limit product commun market largest beam imperi beam metric ip beam cumul tonn annum period beneficiari compani exce level product financi year gt tabl gt beneficiari compani exce level european sale commun switzerland norwai hot roll finish product financi year gt tabl gt articl approv aid outlin articl addit subject condit level net financi charg compani outset set annual turnov compani legal successor claim grant tax reduct relief basi past loss cover state aid beneficiari compani carri restructur measur laid restructur plan submit commiss accord timet contain articl ireland cooper fulli arrang monitor decis ireland suppli commiss year march septemb report full inform accord annex beneficiari compani restructur report reach commiss march report septemb commiss decid report full inform commiss monitor restructur process creation capac show suffici financi data commiss assess condit requir fulfil report full inform accord annex commiss reserv modifi line experi monitor process ireland oblig beneficiari compani disclos relev data circumst consid confidenti commiss basi report draw half yearli report submit council novemb order discuss council beneficiari compani envisag invest creat extend capac commiss inform council basi report present financ arrang demonstr absenc state aid articl commiss time decid report refer articl quarterli basi deem fulfil monitor task commiss time decid mandat independ consult select agreement ireland evalu monitor result undertak research report council commiss check made aid compani accord articl ecsc treati order verifi accuraci inform report refer articl complianc condit laid decis case member state make complaint state aid enabl aid compani underpric commiss initi investig pursuant articl ecsc treati articl prejudic penalti impos virtu ecsc treati commiss procedur provid articl ecsc treati inter alia requir suspens payment aid recoveri aid paid basi inform receiv time find condit laid decis met ireland fail fulfil oblig decis articl ecsc treati continu appli commiss establish basi report refer articl substanti deviat financi data viabil assess made occur requir ireland measur reinforc restructur measur aid compani articl decis address ireland brussel februari commiss karel van miert member commiss oj oj juli june annex commiss inform requir invest detail invest realiz date complet cost invest sourc financ sum relat aid involv date aid payment workforc evolut number time job loss total cost breakdown cost financ product market effect monthli product liquid steel semi finish product finish product categori product rang notifi commiss breakdown product sold includ volum price market financi perform evolut select kei financi ratio ensur progress made viabil financi result ratio provid allow comparison compani financi restructur plan level financi charg detail time aid receiv cost cover term condit loan irrespect sourc privat sell price treatment exist liabil dispos proce sale date sale financi posit compani time sale creation compani plant incorpor capac extens identif privat public sector particip sourc financ creation compani plant term condit privat public sharehold particip manag structur compani