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Monitoring of Article 95 ECSC steel aid cases. Eleventh report, April 1999. Report from the Commission to the Council. SEC (99) 458 final, 30 March 1999

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COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 30.03.1999 SEC(l999) 458 final REPORT FROM THE COMMISSION TO THE COUNCIL MONITORING OF ARTICLE 95 ECSC STEEL AID CASES ELEVENTH REPORT, APRIL 1999 User Rectangle STEEL MONITORING REPORT No.11, Apri11999, Summary Monitoring of Article 95 ECSC steel aid cases Eleventh Report, Apri11999 Summary The Commission presents its Eleventh Report on the Monitoring of Article 95 ECSC steel and iron ore aid cases pursuant to its-decisions of 4 April19941, 21 December 19942 and 29 November 19953. As indicated in the previous monitoring report and in accordance with the above mentioned decisions, this eleventh report will not cover the following companies : CSI, Sidener, !Iva and Sew Freital except for those issues still outstanding. For all the other monitored companies, while full reports are received from the concerned member states, only the relevant information to the respect of the imposed conditions are here reported. 1. Irish Steel, Ireland Investments carried out at Irish lspat up to 31.12.98 are in line with the planned ones. Reported production and sales for the financial year 1998/99 (from July 1998 to June 1999), are in line with the imposed limitations. Commission services visited Irish lspat on 24.2.99 and obtained internal plant records confirming the reported figures. Results for the financial year 1998 show a profit for 74,000 IR£ 2. Siderurgia National, Portugal The Spanish company MEGASA purchased in the second half of 1998 the 44,8% share of RIVA group in SN Longos owning now 89,6% of the company. The monitoring is focused on following up the plan submitted by MEGASA for installation of the electric arc furnace, which according to the plan should be operational in July 2001. The required reduction of workforce at SN Servic;:os is. thereby further delayed until this date. For this reason the Commission intends to extend the monitoring until 15 September 2001. In 1998 SN Servic;:ios made a l

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