commiss decis april aid grant portug steel compani siderurgia nacion portugues text authent ecsc commiss european commun regard treati establish european coal steel commun paragraph articl thereof consult consult 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 juli portug notifi commiss plan restructur steel compani siderurgia nacion includ financ mean request decis pursuant articl ecsc treati plan aim restructur compani econom financi organiz dimens privat ultiamt target hold compani set compris independ compani special long product flat product servic siderurgia nacion steel compani portug signific industri weight compani plant locat maia long product rebar seixal cold roll flat product galvan sheet tinplat cold roll sheet long product rebar wire rod section present maximum capac compani tonn year cold roll flat product tonn year hot roll long product tonn year maia tonn year seixal core element restructur plan consist replac blast furnac seixal plant long product electr furnac dc eaf furnac produc tonn year liquid steel full capac doubl final product portugues author undertak furnac capac fulli oper period advantag lower electr tariff keep liquid steel product limnit mill product capac plan definit closur light medium section mill seixal plant long product end reduc capac compani hot roll product tonn year tonn year closur mill plant reduct complet close plant addit improv remain equip carri order promot qualiti market respons plan commerci measur aim improv distribut network environment invest social financi measur ensur social balanc redund futur viabil compani employ reduct workforc employe envisag end reduct financ plan includ aid element commiss consid incompat ecsc treati provis commiss decis ecsc steel aid code aid amount maximum esc billion serv debt write off inject fresh capit alloc fo amount elig cost chang view plan privat addit social environment aid maximum esc billion requir ecsc loan esc billion assess separ commiss iii commiss assess viabil restructur plan appli criteria impos commiss previou restructur commun steel industri commiss opinion provid restructur plan implement strictli reason challeng conclus extern consult studi submit establish compani achiev iviabl normal market condit end iv extrem difficult commun steel market situat endang sector member state includ portug aim provid portugues public steel industri sound econom viabl structur contribut achiev object ecsc treati articl commiss consid public financi measur decid portug achiev aim commiss find face situat specif treati except circumst recours made paragraph articl treati enabl commun pursu object set initi articl thereof time essenti ensur aid approv limit absolut advers affect trade condit commun extent contrari common interest current difficulti commun steel market import adequ counterpart measur commensur amount aid exceptionali approv major contribut made structur adjust requir sector assess portugues plan decid aid propos articl addit usual consider commiss account special situat portug council declar annex conclus industri meet februai commiss invit examin problem specif member state small compani measur produc special neg effect regard capac reduct envisag plan requir closur definit irrevers capac concerend longer depress commun steel market close instal scrap sold europ addit increas remain capac crude steel hot roll finish product aid restructur plan result product improv period af yer start date capac closur payment aid respect invest plan whichev order ensur long term real effect reduc current imbal suppli demand commun steel market essenti timet closur set restructur plan compli vi ensur restructur period aid approv enabl compani return viabliti 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 restructur plan furthremor addit laon normal commerci condit preferenti treatment accord fresh public debt incur vii implement decis requir strict monitor commiss restructur period end order carri monitor effect commiss requir full close collabor portug clear strict report oblig impos element requir close attent complianc oblig close light medium section mill seixal progress viabil grant aid present restructur plan sourc term condit financ provid plan invest carri reduct workforc product effect market 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 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 failur compli decis articl ecsc treati appli commiss decid report quarterli basi decid mandat independ consult select agreement portug assist monitor task commiss exercis power ensur aid compani fulfil condit decis includ progress viabil oblig result applic fo ecsc treati monitor report substanti deviat form financi 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 exceptionlli author aid propos case subject observ condit requir lai aid involv intend restor compani viabil end regard final return viabil achiev date portug request derog articl compani adopt decis articl maximum amount esc billion aid portug plan grant siderurgia nacion regard compat orderli function common market provid condit requir articl met amount indic breakdown view intend privat cover cost capit inject esc billion debt write off esc billion aid calcul enabl compani return viabil end case viabil attain date portug request derog pursuant articl ecsc treati compani aid purpos unfair competit practic prejudic aid measur refer articl restructur plan loan compani normal commerci term beneficiari compani receiv debt holidai friendli treatment debt state articl light section medium section mill seixal definit close repres total capac close tonnag year maximum product capac long product limit tonn year tonn year seixal tonn year maia blast furnac seixal plant long product close replac electr arc furnac dc eaf capac closur achiev accord timet laid restructur plan latest end final closur refer paragraph ensur demolit instal concern dispos sale europ beneficiari compani increas remain capac crude steel hot roll finish product restructur plan result product improv period year start date capac closur plan date payment aid respect invest plan whichev long capac limit refer paragraph exist liquid steel product compani includ electr furnac refer paragraph exce requir compani hot roll product capac 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 portug cooper fulli arrang monitor decis portug suppli commiss year march septemb report full inform accord enclos 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 portug oblig beneficiari compani disclos relev data circumst consid confidenti commiss basi report draw half yearli report submit council novemb respeict 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 portug 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 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 portug fail fulfil oblig decis articl ecsc treati appli commiss establish basi report refer articl substanti deviat financi data viabil assess made occur requir portug measur reinforc restructur measur aid compani articl decis address portugues republ brussel april commiss karel van miert member commiss 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