13,744.64 TRY BIST 100 BIST 100
6.89 CNY CNY CNY
53.73 EUR EUR EUR
46.31 USD USD USD
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
101.28 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
101.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

The EU stands ready to adjust industrial state aid framework as energy crisis worsens

The European Commission Vice President Teresa Ribera said that the European Union could consider adapting state aid rules for industry if the energy crisis triggered by conflicts in the Middle East worsens and prices continue to rise.

The EU stands ready to adjust industrial state aid framework as energy crisis worsens

Speaking at the 23rd International Competition Conference held in Berlin, Ribera stated that the Clean Industrial State Aid Framework (CISAF), adopted in June 2025, was prepared to accelerate the transformation of European industry and support decarbonization investments.

While expressing that the framework in question specifically aims to encourage clean technology investments and low-carbon production, Ribera pointed out that existing mechanisms might not be sufficient on their own in the event of a prolonged and deep crisis in energy prices.

The European Commission Vice President noted that in such a scenario, the European Union could consider the option of temporarily adapting state aid rules to protect industry and maintain production capacity. Ribera also emphasized that developments in energy markets continue to be closely monitored and that additional measures to ease the pressure on industry could come to the agenda when necessary.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Far East iron ore market shows limited decline and sideways trend

Wednesday, June 17, 2026

ArcelorMittal, thyssenkrupp Steel and voestalpine call for ETS reform for European steel

Wednesday, June 17, 2026

ArcelorMittal Poland plant receives largest iron ore shipment in its history

Wednesday, June 17, 2026

India requests USD 900 million steel quota to break trade deal deadlock with United Kingdom

Wednesday, June 17, 2026

The ISO 500 2025 Rankings Have Been Announced: Steel Companies Shift Positions

Wednesday, June 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now