10 mars 2025|
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|9 months agoSwiss Steel Industry Secures Four-Year State Support Package
Strategic steel and aluminum producers to receive transitional electricity subsidies worth CHF37 million as government moves to protect vital industrial sector.
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Generated IllustrationKey Takeaways
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- Swiss government approved four-year transitional support for steel industry
- Four companies are eligible: Stahl Gerlafingen, Swiss Steel, Novelis and Constellium
- Support includes electricity grid usage charge rebates with declining percentages over 4 years
- Companies are prohibited from paying variable remuneration to management during support period
By The Numbers
37 million
CHF total support package
50%
First year grid fee reduction
4 years
Duration of support package
They Said
"Strategically important steel companies in Switzerland are eligible for state aid from the start of this year until the end of 2028"