11
Jun
16:19
EC explains prohibition of tk/Tata Steel Europe merger
The European Commission (EC) has now officially ruled against the merger between thyssenkrupp and Tata Steel Europe. The move had been anticipated by the companies and the plan called off at the end of May (see Kallanish passim).
“Our investigation showed that the merger would have led to higher prices for steel products that are used as inputs by the packaging industry and car manufacturers. This would have harmed European competitiveness in these sectors…
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Anonymous
Very good overview of the weekly steel market.
Anonymous