Word: arcelor
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Dates: during 2002-2002
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...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...
...sourcing his steel from a mill just 12 miles away. But that mill, owned by LTV, shut down last year. No other U.S. mill made the high-strength, low-alloy grade of steel that Sopko's client demanded. So Sopko started buying steel made in Europe by Arcelor and Corus...