Steel is a 'key industry' for Europe, Vestager said (Photo: European Commission)

EU competition chief lashes out at steel state aid

The EU Commission has ordered Belgium to recover state aid and opened a probe into Italian aid, in two cases concerning the European steel industry, a sector shaken by growing Chinese competition.

In the first case, the commission estimated that aid granted by the Wallonia region to the Duferco steel group was a distortion of competition and ordered Belgium to recover some €211 million.

In the second, it said it "will examine whether measures facilitating steel producer Ilva's acc...

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