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Article: Metal-headed cartels: Cold steel. (Citings).(Brief Article)
- Article from:
- Reason
- Article date:
- March 1, 2002
- Author:
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"WE HAVE AN answer for the crisis in American steel," Robert S. Miller Jr., the recently installed CEO of the bankrupt Bethlehem Steel Corp., told The New York Times in December. "It is the consolidation and the rationalization of the integrated steel industry by a combination of four or five companies to come together as a large integrated steel company."
The plan on the table is for the merger of USX-U.S. Steel Corp. and Bethlehem, with the possible inclusion of Weirton Steel Corp. and Wheeling-Pittsburgh Steel Corp. The new company would account for roughly 30 percent of U.S. steel production.
That would certainly help things in the notoriously ...