Word: rheinrohr
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Dates: during 1958-1958
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HUGE RUHR MERGER is expected to link two former members of German steel trust dismantled in 1948. August Thyssen-Hütte (sales: $430 million) has asked permission from European Coal and Steel Community to buy Phoenix Rheinrohr (sales: $390 million). Authority will probably approve. Company would rank as Europe's biggest steelmaker, producing 5,000,000 tons a year, or 25% of West German supply, 10% of European Common Market output...