Word: thyssenkrupp
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Dates: during 2002-2002
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...interpretation of them) are enforced. The E.U. is building a case to challenge the U.S. tariffs at the World Trade Organization, a process that could take nearly two years. In the meantime, Europe's biggest problem isn't really the business it stands to lose in America - Germany's ThyssenKrupp Steel, for example, says the tariffs will directly affect products that accounted for just 2% of its ?12.6 billion revenues last year - but the 2 million to 5 million tons of mostly low-priced steel, particularly from Asia, that could be redirected from the U.S. to Europe. Invoking the same...
...European Union, 65% of the steel is now produced by just five firms, while employment in the industry dropped 33% in the 1990s. Led by giants such as Germany's ThyssenKrupp, the Dutch-Anglo venture Corus and the multinational conglomerate Arcelor, the E.U.'s mills are now among the world's least polluting and most productive. "Should restrictive trade measures be adopted, it still doesn't solve the problems of U.S. integrated producers," says Gordon Moffat of the European Confederation of Iron and Steel Industries...