E.E.C. steel cuts ordered
NZPA-Reuter Brussels The European Economic Community’s executive Commission has ordered member States to cut steelmaking capacity by almost a fifth in a bid’ to end the industry's crippling losses.
The Commission announced yesterday that it would demand reductions of at least 26.7 million tonnes in finished-steel capacity. Community sources said that the Commission would impose the biggest cuts on Italy and West Germany, while France and Britain were being treated relatively lightly in view of cuts they' had already made or promised. The Commission said that
total cuts of a bout 30 million tonnes should be achieved. The Commission has been trying for months to get member States to commit themselves to new cuts in their capacity to make finished steel by the target date of the end of 1985, when all steel industry subsidies are due to end. But in the four years up to April promised capacity cuts remained well short of the target set last year. An Italian diplomat described the demands made of his country as “explosive." Italy was the only main community producer to increase output over the last decade.
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Press, 1 July 1983, Page 6
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189E.E.C. steel cuts ordered Press, 1 July 1983, Page 6
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