commiss decis april aid grant itali public steel sector ilva group italian text authent ecsc commiss european commun regard treati establish european coal steel commun paragraph articl thereof consult consul committe unanim assent council commun steel industri experienc difficult period half due gener slowdown economi signific effect industri activ gener steel industri lead imbal suppli demand accompani collaps price addit intern market gener weak pressur import trade disput unit state america affect substanti commun export market factor combin aggrav financi situat steel compani commun ii commiss decis ecsc ecsc ecsc aid italian govern propos grant public steel sector commiss author consider state aid ilva italian public steel sector undertak period carri restructur programm provid closur tonn year liquid steel product capac tonn year hot roll capac tonn year coldot roll capac tonn year liquid steel product capac tonn year hot roll capac shed job equival workforc suppos normal market condit basi strict implement rgiror manag control ensur viabil undertak major restructur effort object restor viabil achiev subsequ year ilva continu build op deficit experi difficulti maintain posit market end total debt ilva group includ ecsc eec activ reach lit billion debt equiti ratio estim financi year indebted amount lit billion exceed turnov inject instituto nazional la ricostruzion industrial iri lit billion capit ilva prompt commiss juli initi proceed pursuant articl commiss decis ecsc respect aid contain financi transfer deem genuin provis risk capit usual invest practic market economi subsequ continu grant loan unlimit liabil singl sharehold establish articl italian civil code group public sector undertak ilva group financi structur highli imbalanc show heavi loss propos assumpt iri bulk ilva group indebted prompt commiss juli extend proceed previous initi includ aid element contain aid measur initi extend proceed abovement articl commiss view aid measur refer contain element illeg state aid incompat ecsc treati provis decis ecsc letter date decemb itali inform commiss programm reorgan privat ilva group endors iri septemb inform commit privat group end sale capit compani concern basic object abovement programm privat steel group end direct sale market futur ilva iri hold programm complet closur bagnoli steelplant million tonn year reduct capac hot roll finish product taranto june imposit acquir taranto plant requir period month date contract sale capac million tonn year hot roll product capac shut reorgan ilva group carri notabl split core busi compani ilp ilva laminati piani srl ast acciai specialéi terni srl return capit emploi return equiti privat ilp activ cover ordinari steel flat product taranto novi ligur torino laf genova cornigliano marghera plant ast activ cover special steel stainless steel flat product terni turin plant rest group ilva residua liquid transfer privat oper compani group sold dalmin tube is electr gener cogn special steel long product sidermar sea transport tdi icmi addit ilva residua temporarili workforc made redund retir earli total number job shed equival ilva group workforc decemb addit provis lit billion iri ilva group receiv public assist intend financ abovement programm iri residu indebted amount lit billion complet programm ilva group indebted lit billion decreas lit billion lit billion incom receiv sale asset lit billion debt transfer compani sold iri cover expenditur amount lit billion involv continu ilva residua activ liquid mean total public assist amount lit billion iii appli criteria impos commiss previou restructur commun steel industri commiss access abovement programm term capac ensur viabil undertak assist expert identifi hot roll mill close jeopard viabil newli creat compani specif identifi option option examin jeopard viabil conclud provid privat reorgan programm implement strictli ilva group precis compani ilp ast reason chanc viabl end normal market condit iv sharp deterior commun steel market mid creat difficulti steel industri member state includ itali aim provid italian steel industri sound econom viabl structur contribut achiev object laid ecsc treati set articl commiss consid term complianc specif condit dictat commun common interest interest set decis public assist grant itali proprotion achiev aim commun find istself face situat specif provid ecsc treati act made paragraph articl ecsc treati enabl commun pursu object set initi articl thereof limit impact competit minimum import italian public steel sector make crucial contribut structur adjust sector capac reduct carri return aid exception approv respect italian programm reduct closur regard plant taranto capac reduct amount million tonn year irrevers involv demolit reheat furnac hot wide strip mill plate roll mill closur bagnoli plant entail scrap dismantl sale europ condit impos acquir ilp concern reduct capac million tonn year involv demolit reheat furnac roll mill taranto demolit italian plant situat provid plant manufactur hot roll finish product date privat belong owner ilp capac reduct place period month date contract sale contribut effect reduct exist capac commun steel sector import capac increas due product gain abovement reduct closur offset invest liabl increas remain product capac crude steel hot roll finish product undertak cover programm appli period year date capac closur payment aid respect invest programm whichev vi grant oper aid limit strictli incom obtain sale greater amount anticip excess reduc indebted born iri reduc amount aid hand incom obtain amount anticip result increas amount aid requir deem cover abovement counter concess closur bagnoli plant provid aid exce ceil lit billion note itali strict complianc pledg sell capit compani cover privat carri privat end contribut success privat reorgan programm implement condit timet provid ensur amount aid remain abovement ceil ensur compani receiv public assist form carri tax credit futur profit ilp ast claim tax credit respect loss record past ilva group loss absorb state aid ensur rule fair competit compli condit govern privat acqusit undertak acquisit major sharehold privat investor financ state aid addit open interest parti subject discriminatori condit ensur period cover privat reorgan programm aid approv suffici prospect viabil ilp ast end privat period end ensur steel undertak financi restructur public steel sector obtain unfair advantag competitor reduct net financi charg level turnov level commun averag ordinari steel flat product subsector stainless steel product subsector indebted ilva group transfer abovement undertak set suffici high level ensur result net financ cost line commun averag refer commiss ensur prejudic financ privat reorgan programm financ stem loan undertak grant normal commerci term ensur remiss debt preferenti treatment debt state lastli ensur aid approv purpos unfair competit affect condit trade commun steel industri extent incompat common interest vii implement decis requir strict monitor commiss applic programm complet purpos itali cooper fulli provid commiss yearli detail report reduct capac invest carri reduct workforc effect market product financi perform privat creation enterpris report reach commiss march report month report reach commiss septemb order enabl member state monitor implement programm payment relev aid commiss draw monthli report basi report submit itali submit council novemb order discuss council undertak receiv aid pursuant articl ecsc treati intend particip invest creat extend capac commiss inform council basi report set financ arrang show state aid involv addit monitor system establish report provid itali commiss check made recipi undertak accord articl ecsc treati order verifi inform provid complianc condit provid decis context member state make complaint commiss stade aid enabl recipi compani price commiss initi investig pursuant articl ecsc treati commiss basi inform provid find condit laid decis pursuant articl met requir suspens payment aid recoveri aid paid event itali fail fulfil oblig impos decis articl ecsc treati appli addit basi report member state commiss find substanti deviat financi data viabil assess base request abovement report submit month requir itali measur reinforc restructur undertak receiv aid commiss respect individu case decid carri monitor quarterli basi decid mandat independ consult select agreement itali evalu monitor result report member state viii view commiss pursuant articl ecsc treati author abovement aid subject observ condit requir lai aid decis deem compat proper function common market calcul undertak concern viabl end return viabil achiev date itali request derog pursuant articl undertak commiss time termin proceed initi pursuant articl decis ecsc extent relat author aid adopt decis articl maximum amount aid itali plan grant directli public hold iri ilva steel group ilva residua regard compat orderli function common market provid condit requir set paragraph articl met capit inject lit billion iri group coverag iri remain indebted maximum lit billion revenu receiv sale undertak concern amount anticip increas residu indebted cover iri accept provid exce ceil lit billion convers revenu obtain sale exce amount anticip extra amount reduc indebted cover iri reduc amount aid coverag iri restructur liquid expenditur maximum lit billion aid calcul enabl undertak return viabil end case viabil attain date itali request derog pursuant articl ecsc treati undertak addit aid purpos unfair competit practic itali compli strictli firm pledg sell capit compani privat carri privat end prejudic financ privat reorgan programm approv commiss decis financ deriv loan undertak monitor grant normal commerci term undertak ilva group receiv debt holidai friendli treatment debt state articl itali ensur ilva group close complet definit hot roll mill bagnoli reduc irrevers million tonn year capac produc hot roll finish product taranto demolit reheat furnac hot roll wide strip mill heavi plate mill reduc capac million tonn year throught demolit reheat furnac mill taranto demolit italian plant situat provid plant manufactur hot roll finish product date privat belong owner ilp place period month date contract sale close bagnoli plant scrap dismantl sell europ capac increas due product gain increas remain product capac crude steel hot roll finish product undertak cover programm period year start date closur date payment aid respect invest programm whichev articl acquisit undertak privat investor financ state aid open interest parti subject discriminatori condit incom obtain sale compani ilva group full reduc indebted group debt compani ilva laminati piani srl acciai speciali terni srl outset put level net financ cost annual turnov undertak ilp ast receiv tax credit past loss ilva group coverd state aid beneficiari undertak carri measur laid programm privat reorgan ilva group notifi commiss accord timet contain articl itali cooper fulli arrang monitor decis itali suppli commiss year march septemb report full inform accord enclos annex undertak cover propos pursuant articl ecsc treati report reach commiss march report septemb commiss decid report full inform commiss monitor implement privat reorgan programm financi data commiss assess condit requir fulfil addit report full inform accord annex commiss reserv modifi line experi monitor process itali oblig beneficiari undertak disclos relev data circumst consid confidenti commiss basi report draw half yearli report submit council novemb order discuss council undertak receiv aid pursuant articl ecsc treati plan particip 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 itali 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 compani concern price commiss initi investig pursuant articl ecsc treati assess report refer articl commiss ensur requir articl respect articl prejudic penalti impos virtu ecsc treati commiss requir suspens payment aid recoveri aid paid basi inform receiv time find condit laid decis met itali fail fulfil oblig impos decis articl ecsc treati appli commiss establish basi report submit itali substanti deviat financi data viabil assess made occur request report refer articl provid quarterli requir itali measur reinforc restructur measur aid compani articl decis address italian republ brussel april commiss karel van miert member commiss oj oj oj oj annex commiss inform requir capac reduct date expect date cessat product date expect date dismantl instal concern instal sold date expect date sale ident countri purchas sale price invest detail invest realiz date complet cost invest sourc financ sum relat aid involv date aid payment workforc reduct number time job loss total cost breakdown cost financ product market effect monthli product crude steel finish product categori 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 ident privat public sector particip sourc financ creation compani plant term condit privat public sharehold particip manag structur compani defin commiss decis ecsc oj