commiss decis novemb authoris merger arb sa aceralia corporación siderúrgica sa usinor sa newco steel case comp ecsc usinor arb aceralia notifi document number english text authent ecsc commiss european commun regard treati establish european coal steel commun articl thereof regard notic align procedur process merger ecsc ec treati regard notif submit parti date june subsequ inform regard commiss letter juli commun parti commiss concern compani concern opportun repli commiss object regard final report hear offic case june commiss receiv notif articl ecsc treati propos concentr undertak arb sa arb incorpor luxembourg aceralia corporación siderúrgica sa aceralia incorpor spain control arb usinor sa usinor incorpor franc merg entiti provision name newco steel newco incorpor luxembourg public offer exchang share aceralia arb usinor entiti examin notif commiss conclus propos concentr fall scope articl ecsc treati read conjunct articl thereof propos concentr concern product market fall scope ecsc treati tailor blank construct profil sandwich panel steel tube council regul eec decemb control concentr undertak amend regul ec appli decis concern part propos concentr fall scope ecsc treati parti aceralia compani incorpor sociedad anonima spanish law control arb largest steel produc spain manufactur distribut flat steel product long steel product process steel product activ fall ecsc treati produc type small carbon weld tube product construct industri carri transform activ activ fall ec treati arb compani incorpor société anonym law luxembourg major european steel produc import oper belgium germani itali brazil unit state america main activ product distribut steel product includ heavi light long product flat product stainless steel product trade scrap distribut raw materi steel industri ferro alloi ferrou metal arb activ engin sector activ fall part ecsc treati part ec treati aceralia control undertak arb achiev worldwid turnov eur million year usinor compani incorpor société anonym french law largest steel produc commun oper belgium germani itali spain unit state america manufactur process distribut steel product flat carbon steel product stainless steel alloi steel product activ fall part ecsc treati part ec treati usinor gener worldwid turnov eur million ii oper propos concentr full legal merger complet amalgam busi aceralia arb usinor purpos singl corpor entiti call newco steel newco creat structur fulli integr group newco incorpor société anonym law luxembourg establish purpos make exchang offer share entir issu share capit parti simultan launch separ condit exchang offer ordinari share aceralia arb usinor outstand time offer offer condit accept issu share aceralia arb usinor complet offer aceralia sharehold hold approxim newco arb usinor sharehold hold remain iii concentr activ manufactur sale steel product notifi parti undertak mean articl ecsc treati notifi transact constitut concentr mean articl ecsc treati iv procedur juli commiss decid initi depth investig propos concentr ecsc product concern oper rise concern give parti power hinder effect competit evad rule competit institut ecsc treati parti advis investig letter juli septemb commiss adopt statement object pursuant articl ecsc treati paragraph notic align procedur process merger ecsc ec treati commiss arriv preliminari conclus propos concentr give parti power hinder effect competit evad rule competit institut ecsc treati ecsc product cover propos concentr commiss decid juli transact rais doubt compat common market function eea agreement assess articl background steel industri product process discuss detail relev product market establish framework industri oper steel import materi societi present build live work transport essenti product distribut food drink consum raw materi essenti vast major manufactur industri steel product capit intens minimum econom scale high invest sector specif result high entri barrier vertic integr except rule produc control import part product chain integr downstream steel distribut transform product tube panel profil import differenti steel industri base essenti chemistri steel main type steel distinguish carbon steel stainless steel special alloi steel purpos decis treat alloi steel issu aris relat steel carbon steel familiar wide rang applic includ car bodi beverag can beam reinforc materi construct industri stainless steel signific proport chrome nickel expens carbon steel primarili applic requir resist corros resist high temperatur physic properti steel modifi chemic analysi treatment receiv product subsequ manufactur process beverag can requir ductil materi knive requir hard materi sharp made carbon steel todai steel make process account world steel product integr rout electr arc furnac eaf rout integr rout capit intens involv product liquid iron iron or coke limeston liquid iron subsequ transform steel oxygen convertor stage separ vessel final chemic composit steel adjust altern product rout eaf scrap directli reduc iron pig iron melt addit made obtain desir chemic specif liquid steel continu cast semi finish product process roll steel product gener flat carbon steel product give rise competit problem outlin decis produc integr rout produc steel tramp element contain scrap lower qualiti flat product produc eaf rout applic steel free tramp element integr rout obligatori whichev rout steel continu cast semi finish product billet bloom long product slab flat product slab subsequ hot roll quarto plate strip wide narrow strip mill wide strip subsequ slit produc narrow width cut length produc sheet virtual quarto plate hot roll narrow strip steel sheet sold state transform steel produc hot roll wide strip sold directli custom includ steel servic centr cut slit larg part hot roll wide strip produc process produc cold roll strip thinner superior surfac finish cold roll materi sold stage signific proport metal coat tin chrome industri zinc zinc protect steel corros appli pass steel strip bath molten zinc hot dip galvanis strip electrolyt electro galvanis strip main outlet galvanis strip automobil construct industri except predominantli hot dip galvanis materi organ coat coat materi sold packag steel hot dip electro galvanis strip eaf base plant locat sourc scrap integr plant distinct made gener modern coastal plant inland plant inland plant base local avail iron or coal todai europ coal iron or steel make import advantag coastal plant deep water port product tree appear product bring level ad translat differ profit level fact downstream product prove ad appreci higher level earn tax depreci amortis appar graphic graphic indic price level hot roll strip graphic delet sourc parti commun sale flat product shown tabl tabl commun sale flat product gt tabl gt sourc parti steel manufactur parti claim european steel industri concentr true past ten year signific consolid todai larg steel compani usinor tk coru riva arb aceralia number produc includ voest alpin rautaruuki salzgitt duferco ssab consider smaller depend product market consid sale largest produc account total consumpt group steel manufactur made larg integr compani manufactur steel product product level produc flat product tk arb aceralia usinor produc stainless coru interest stainless produc avesta polarit addit coru arb aceralia substanti long product oper result recent concentr usinor acquir cockeril sambr acquir ekostahl tk result success concentr germani notabl krupp hoesch merger thyssen coru result merger british steel hoogoven arb acquir stahlwerk bremen control interest aceralia acquir ucin aristrain riva acquir privatis ilva larg produc oper number site european countri integr site steel coal iron or produc process capabl provid wide rang flat product produc stainless long product activ steel distribut downstream product instanc riva smallest group product site size includ massiv taranto integr steel work group steel manufactur concern smaller european produc scale product rang lead player focu nich market product region group rank player includ flat product produc integr plant voest alpin rautaruukki ssab salzgitt state compani commiss questionnair quot group bulk produc steel specialist manufactur processor high qualiti steel product quot substanti number long produc base eaf rout propos oper creat europ world largest steel compani graphic idea rel size main european steel produc basi sale carbon steel flat product subject concern dealt decis graphic total sale carbon steel flat product year gt pic file quot en tif quot gt relev product market preliminari remark object propos concentr product carbon steel stainless steel product process hot roll flat product subsequ process cold roll product metal organ coat product electr steel sheet steel packag newco activ field steel distribut network steel servic centr stockhold centr oxycut centr steel product distinct carbon steel product highli alloi steel product stainless steel product previou commiss decis carbon steel product constitut product market stainless steel product highli alloi steel product carbon steel product substitut highli alloi steel product chemic composit significantli price field applic carbon steel product produc plant equip manufactur highli alloi steel product turn carbon steel product separ market stainless steel product chemic composit alloi steel stainless heat resist steel alloi steel stainless steel alloi chromium alloi element carbon product stainless steel differ product carbon steel addit chrome nickel alloi element steel melt process order achiev metallurg differ end product compar normal steel flat carbon steel product separ product market long carbon steel product commiss conclud number occas flat steel product form separ product market long steel product steel produc steelwork cast shape process subsequ form product desir final consum roll steel product subdivid flat product hot roll wide strip hot roll narrow steel quarto plate sheet long product section steel beam perman materi merchant bar wide rod flat steel long steel product produc roll mill bought purpos roll mill purpos built end product convert signific differ applic price flat long product market flat steel product differenti long steel product carbon steel flat product distinct hot roll cold roll product commiss found previou decis hot roll carbon steel flat product cold roll carbon steel flat product constitut separ product market limit proport hot roll flat product sold half process cold roll subsequ cold roll result consider reduct thick greater dimension accuraci smoother surfac work harden greater strength hot roll product surfac characterist cold roll product ad cold roll substanti region modern hot roll wide strip mill roll minimum thick mm thinner strip sheet motor industri coat packag construct industri requir subsequ process cold roll mill minimum thick mm achiev segment carbon steel flat product distinct made hot roll cold roll flat product hot roll carbon steel flat product market hot roll carbon steel flat product parti distinguish product hot roll wide strip roll wide strip mill coil hot roll sheet squar rectangular shape result cut length strip hot roll narrow strip width mm finish produc specialis mill slit wide strip desir width quarto plate coil product dimens thick hot roll carbon steel flat product parti submit singl relev market hot roll carbon steel flat product except quarto plate physic properti term shape thick width produc equip process constitut separ market quarto plate plate made special quarto plate mill roll high mill thick roll parti describ form quarto plate specif physic properti coil dimens dimens hot roll carbon steel flat product thick reach mm oppos maximum mm hot roll coil width reach mm oppos maximum mm hot roll coil quarto plate applic differ thin flat steel product industri equip mechan energi nuclear chemic petrochem ga treatment shipyard metalwork boiler make tool make industri field quarto plate dimens offer signific econom advantag steel user compar instanc narrow flat steel product basi aforement consider commiss conclud quarto plate constitut separ market hot roll carbon steel flat product concern question aris hot roll wide strip constitut separ product market hot roll wide strip strip mm width produc slab autom hot roll strip mill roll coil wide strip repres approxim sale hot roll flat carbon steel product exclud quarto plate view high degre suppli side substitut hot roll wide strip narrow strip sheet conclud hot roll flat carbon steel product exclud quarto plate form part relev product market subsequ refer decis hot roll flat carbon steel product understood compris hot roll flat carbon steel product exclud quarto plate wide strip narrow strip sheet ii cold roll carbon steel flat product cold roll carbon steel flat product constitut separ product market hot roll carbon steel flat product parti submit market cold roll carbon steel flat product differenti made coil sheet submiss line previou commiss decis annex ecsc treati cold roll flat product mm width ecsc treati ec treati background present dai product process suppli condit distinct longer relev assess merger competit point view cold roll flat product mm width nowadai produc roll mill sheet mm width obtain slit wide strip accord earlier commiss decis assum purpos assess effect propos concentr uniform product market irrespect product width cold roll carbon steel flat product product downstream market result process type coat flat product cold roll carbon steel flat product intend process produc coat product intern instanc approxim cold roll carbon steel flat product manufactur notifi parti suppli group process commiss found previou decis uncoat cold roll carbon steel flat product likewis separ market market coat product electr steel sheet line previou commiss decis parti submit electr steel sheet constitut separ product market cold roll carbon steel sheet view electro magnet properti conduct electr resist applic construct transform electr motor seri switch unit power plant gener addit parti distinguish grain orient electr steel sheet grain orient electr steel sheet due differ demand side suppli side commiss conclud past grain orient grain orient electr sheet constitut separ market product pickl cold roll differ anneal process materi set requir electromagnet properti instal need manufactur type product suppli side substitut demand side differ grain orient exclus larg transform princip grain orient motor gener small transform process flat carbon steel coat product separ market uncoat product coat product process interven subsequ hot roll cold roll appli third cold roll carbon steel flat product produc commun provid coat tailor end commiss establish coat uncoat cold roll carbon steel flat product constitut separ product market differ exist respect properti price applic uncoat cold roll strip characterist coat cold roll strip surfac finish resist corros ad coat substanti vari coat procedur hot dip galvanis sheet organ coat sheet approxim averag distinct metal coat organ coat product parti explain notif corros resist flat carbon steel increas coat zinc tin metal appli organ topcoat parti submit organ coat product constitut separ market metal coat product view characterist significantli higher price organ coat parti argu relev market wider organ coat steel includ varieti compet product organ coat aluminium propos delin organ metal coat separ market line previou commiss decis market investig confirm exist wider market compris organ coat steel organ coat aluminium ii tinplat galvanis product metal coat strip divid broad class steel packag tinplat ecc galvanis steel hot dip electro galvanis includ coat zinc alloi group product price applic steel packag food beverag can hand galvanis steel strip wide automobil construct engin industri zinc coat imped corros steel substrat increas life group product distinguish iii galvanis product hot dip galvanis electro galvanis product process galvanis hot dip galvanis electro galvanis hot dip galvanis product obtain dip hot roll cold roll steel bath zinc oc coat expos surfac zinc electro galvanis product turn result applic electrolyt coat side strip pure zinc alloi zinc nickel parti submit hot dip galvanis electro galvanis product form part market galvanis product claim market wider account product compet metal coat steel argu demand perspect type product substitut substitut improv recent due improv appear perform hot dip galvanis product major applic automot domest applianc metal furnitur hot dip electro galvanis interchang subject minor process adapt restrict substitut corros resist surfac qualiti price compar commiss suggest previou decis hot dip galvanis electro galvanis constitut separ product market view product characterist price left open precis segment galvanis product market investig case shown due recent improv hot dip galvanis product corros resist appear perform substanti differ hot dip electro galvanis characterist exist custom larg confirm regard product categori technic interchang major applic automot industri repres largest custom group hot dip electro galvanis product product product process includ manufactur extern bodi part past exclus made electro galvanis steel illustr evolut demand hot dip electro galvanis product commun instanc electro galvanis steel sold automot industri compar hot dip galvanis strip hot dip automobil industri total tonnag metal coat product automot industri approxim hot dip electro galvanis tabl analys evolut demand hot dip electro galvanis steel sector forecast industri hot dip galvanis steel automot industri increas come year tabl estim evolut commun demand hot dip electro galvanis steel gt tabl gt sourc parti regard price hot dip galvanis steel electro galvanis steel market investig show price larg depend specif thick chemic composit coat thick width chemic specif rigid steel support applic product difficult determin compar averag standard price repres rang hot dip electro galvanis product event offici price list main produc galvanis sheet tabl averag price differenti commun product market investig confirm rang price differenti hot dip electro galvanis substanti tabl price differ hot dip electro galvanis member state gt tabl gt sourc offici price list produc locat countri mention commiss conclud relev product market encompass galvanis product hot dip galvanis steel electro galvanis steel steel packag distinct steel beverag packag steel beverag packag steel packag consist thin mm flat carbon steel coil sheet electrolyt coat fine layer tin case tinplat chromium case electrolyt chromium coat steel ecc tin free steel tf distinct type steel packag distinguish applic steel beverag packag steel beverag packag distinct base factor qualiti standard beverag can higher beverag packag toler stress process qualiti metal relat poros tin line wider optimis product line maximum steel intend beverag de gass vacuum order produc ultra low carbon steel product rout manufactur steel packag beverag can theoret manufactur steel can beverag packag uneconom parti submit relev product market metal beverag can includ steel aluminium materi produc beverag can parti european custom free choic steel aluminium can aluminium expens raw materi process requir bring beverag grade price aluminium steel packag interact tradit make product line configur aluminium steel packag convert materi parti calcul cost eur million steel aluminium eur million aluminium steel modern instal consist swing line enabl steel packag aluminium interchang likewis parti submit custom larg concentr beverag produc suffici number steel aluminium dedic line quickli adapt demand switch materi commiss conclud past steel packag separ product market commiss determin market segment narrowli steel metal beverag packag beverag packag constitut separ market exact delin left open purpos assess notifi oper affect substanti competit assess submiss parti steel aluminium constitut part relev market beverag packag commiss conclud recent steel aluminium packag gener constitut separ relev market end product similar case signific differ price materi price develop commiss market investig case confirm combin aluminium steel beverag can market final parti submit addit aluminium steel market beverag packag wider includ compet materi plastic glass compet materi constitut part market steel aluminium basi total characterist materi equip need fill glass plastic bottl price stainless steel flat product distinct hot roll cold roll product stainless steel distinguish carbon steel alloi steel physic chemic characterist resist corros high temperatur make uniqu suitabl applic process engin automobil engin hygien product cutleri previou decis commiss identifi separ relev product market hot roll stainless flat product cold roll stainless flat product parti point differ hot roll cold roll stainless steel product tend fade due technic evolut undertaken stainless steel busi recognis zone overlap hot roll cold roll stainless steel remain limit date hot roll stainless steel flat product case hot roll flat carbon steel product commiss conclud view high degre suppli side substitut hot roll wide strip narrow strip sheet hot roll flat stainless steel product exclud quarto plate form part relev product market ii cold roll stainless steel flat product cold roll stainless flat product strip sheet made cold roll hot roll strip constitut separ relev product market differ hot roll flat product term product characterist surfac finish price cold roll stainless flat product larg varieti industri requir resist heat rust acid corros basic structur qualiti steel deep draw suitabl weldabl surfac highli develop order provid smooth good appear addit cold roll strip mm fall ec treati cold roll strip mm fall ecsc treati distinct longer meaning modern cold roll mill capabl produc wide rang width mm narrow width likewis obtain slit wider materi commiss consid distinct artifici cold roll stainless steel strip belong singl market conclus commiss conclud categori constitut relev product market account competit assess notifi oper hot roll flat carbon steel product quarto plate cold roll carbon steel flat product grain orient electr steel sheet galvanis steel organ coat carbon steel steel packag altern separ market steel beverag packag steel beverag packag hot roll stainless steel flat product cold roll stainless steel flat product steel distribut distinct steel distribut product direct sale steel parti steel distribut separ market product steel direct sale steel produc consum commiss held previou case steel distribut activ constitut distinct product market steel product distribut differenti product direct sale steel product number factor divers custom custom steel product distribut channel custom compar type custom direct sale smaller size order sale mill typic measur ten tonn steel servic centr sale measur tonn stockhold sale typic measur hundr kilogram abil distributor respond rapidli custom requir deliveri time steel mill measur week month stockhold work hour dai steel servic centr offer time deliveri commit dai time slot local natur busi distribut outlet gener serv custom limit distanc locat larg number compani involv busi integr distributor own steel compani small independ firm commiss conclud distribut oper full function characterist sale agenc evidenc fact larg number independ integr steel distributor oper commun effect steel produc wholli partial own steel distribut oper independ sector consist larg number compani vari size financi strength rang small famili compani subsidiari larg industri compani distinct steel distribut channel parti submit steel distribut subdivid market steel servic centr stockhold centr oxycut centr market definit line previou commiss decis larg confirm market investig distribut channel subdivid group product sold steel servic centr steel servic centr purchas strip mill product steel produc slit cut materi custom requir custom includ major consum automobil white good manufactur stockhold custom size steel servic centr activ sector flat steel product carbon stainless line previou commiss decis decis differenti market distribut carbon steel stainless steel product distinct confirm notifi parti submit distribut channel carbon stainless flat steel product parti activ overlap carbon steel product stainless product germani combin market share amp lt ii stockhold centr stockhold perform tradit wholes function bui bulk manufactur resel smaller quantiti stockhold activ consist hold wide varieti steel product conveni locat suppli exclus small medium size client quantiti steel larg warrant deal directli steel produc steel servic centr stockist steel direct deliveri provid servic steel produc stockhold develop hous process facil order add improv servic custom process includ cut length slit shear polish stockhold activ cover full rang steel product case steel servic centr segment made distribut carbon steel stainless steel product parti overlap oper relat carbon steel product purpos assess decis distinguish product categori carbon steel product flat product long product distinct type product distribut line previou commiss decis repli statement object parti contest segment relev product market stockhold flat carbon product long carbon product parti submit relev market market stockhold distinct flat long product basi argument stockhold custom orient servic characteris fragment custom base order answer demand custom steel stockhold carri steel product group high level suppli side substitut barrier prevent stockhold involv flat product suppli long product vice versa notwithstand parti submiss fact number stockhold activ market flat carbon product market long carbon product delin relev product market account characterist demand type product differ averag price flat carbon product custom long carbon product characterist distribut channel steel servic centr deal flat product long product commiss consid relev product market distribut flat carbon steel product stockhold activ distribut long carbon steel product stockhold activ distribut stainless steel product stockhold activ iii oxycut centr oxycut centr handl product quarto plate thick mm mm requir specif finish tool oxyhydrogen blowtorch precis power oxycut centr work close relat client deal small quantiti steel cut custom requir commiss conclud past oxycut activ constitut separ market market investig larg confirm conclus conclus commiss conclud categori constitut relev product market account competit assess notifi oper distribut carbon steel flat product steel servic centr distribut stainless steel flat product steel servic centr distribut flat carbon steel product stockhold activ distribut long carbon steel product stockhold activ distribut stainless steel product stockhold activ distribut quarto plate oxycut centr relev geograph market steel product hot roll carbon steel flat product parti submit relev geograph market hot roll carbon steel flat product includ quarto plate commun wide market suggest wider previou decis commiss found relev market hot roll carbon steel flat product compris territori commun past product capac hot roll steel product belong member state nation steel undertak account rule highest share suppli home market steel produc long penetr competitor home market achiev sizeabl market share nowadai big steel produc activ member state direct suppli final custom affili distribut centr transport cost commun signific custom barrier entri exist custom prefer import factor major product homogen commod exact market delin left open purpos decis basi narrowest geograph market definit propos concentr rais competit concern market cold roll carbon steel flat product parti claim relev geograph market product cold roll carbon steel flat product western europ commun efta suggest wider parti point level import cold roll carbon steel flat product parti find report provid parti econom consult purport show econometr analysi rel price import significantli affect import penetr commun previou case commiss determin relev geograph market cold roll carbon steel flat product western europ commun efta enquiri present case tend dimens market wider western europ event precis delin market left open propos concentr give merg entiti power hinder effect competit evad rule competit institut ecsc treati irrespect exact definit geograph market grain orient electr steel sheet parti submit relev geograph market grain orient electr steel sheet western europ propos delin line previou commiss decis larg confirm market investig coat carbon steel product parti submit relev geograph market galvanis organ coat steel commun wide broader commiss conclud past market hot dip galvanis steel coat product commun wide transport cost commun signific instanc repres end organ coat steel substanti part galvanis coat steel organ coat steel trade cross border eu relev geograph market extend commun parti state import countri increas recent year countri import repres low volum vari substanti product galvanis steel organ coat steel market investig number custom steel produc commun posit meet requir custom communityin term qualiti reliabl servic commiss conclud line previou decis market coat carbon steel product compris territori commun steel packag parti submit relev geograph market steel packag commun wide commiss conclud past market commun dimens intra commun trade flow import transport cost high market investig confirm likewis relev market commun import repres steel packag vast major consist steel beverag packag virtual import steel beverag packag stainless steel flat product parti submit relev geograph market hot roll cold roll stainless steel flat product western europ compris commun efta claim market develop world wide market due import transcontinent flow trade level trade competit condit world wide exist global trend respect price absenc signific transport cost commiss defin relev past market compris western europ import countri increas recent year repres hot roll stainless steel flat product cold roll stainless steel flat product event question left open oper give rais competit concern basi narrow market definit steel distribut parti submit geograph market steel distribut nation region determin case case basi take account inter alia factor materi handl ad relev servic locat competitor deliveri time relev transport cost parti relev market purpos oper franc benelux neighbour north western part germani north rhineland westphalia spain portug unit kingdom ireland previou decis commiss conclud geograph area servic individu stockhold depot determin transport cost deliveri time ad steel distribut oper compar low transport cost import constraint abil distribut oper compet long distanc market investig show distribut outlet gener serv custom radiu approxim km distribut essenti region busi region includ member state depend number factor includ size member state type product sold locat competitor commiss establish previou decis activ steel distributor confin individu member state cross border transact stockhold steel servic centr oxycut centr limit commiss investig case show exist cross border flow neighbour area larg number sale made countri locat distribut centr custom parti set form franc consid relev geograph market steel distribut steel servic centr stockhold centr oxycut centr market investig confirm exist limit cross border sale franc neighbour countri parti relev geograph market area compris benelux neighbour north western part germani north rhineland westphalia basi absenc trade barrier similar price charg region exist signific cross border flow product past commiss identifi relev market compris netherland belgium north western area germani market investig confirm exist import cross border trade flow consid area distribut network suppli custom area basi locat distribut outlet instanc parti concentr princip steel servic centr area belgium effect econom suppli custom luxembourg netherland relev part germani effect signific proport sale made parti belgian steel servic centr made custom locat aforement countri stockhold activ parti sale belgian custom made dutch stockhold stockhold sale dutch custom made parti belgian stockhold hand parti stockhold sale north rhineland westphalia made benelux stockhold final market investig confirm price charg region similar turn parti submit spain portug constitut relev geograph market market investig confirm exist cross border sale spain portug relev geograph market appear iberian peninsula event exact delin relev geograph market exist singl market countri separ market left open competit concern rais assess notifi oper remain irrespect exist altern geograph definit final parti submit unit kingdom ireland constitut singl relev geograph market transport cost import constraint steel servic centr substanti limit import area exact delin relev geograph market left open altern definit separ nation market unit kingdom ireland oper rais competit concern commiss conclud relev geograph market assess notifi oper franc benelux neighbour north western part germani north rhineland westphalia area compris spain portug altern countri separ relev market area compris unit kingdom ireland altern countri separ relev market competit assess steel product hot roll carbon steel flat product mention section product market definit limit part hot roll flat carbon steel produc sold half product hot roll carbon steel process cold roll shown tabl product hot roll commun amount approxim million tonn million tonn sold form hot roll wide strip hot roll sheet hot roll narrow strip quarto plate dealt separ tabl product sale hot roll flat carbon commun gt tabl gt sourc parti newco import share product capac hot roll commun due integr natur substanti part product hous downstream product market structur basi narrowest definit relev market hot roll carbon steel flat product commun wide market parti combin market share term total sale merchant sale sale parti account year tabl tabl parti combin sale hot roll carbon steel flat product gt tabl gt sourc parti commun market hot roll flat product total million tonn usinor total sale amount million tonn market arb aceralia million combin figur million tonn repres total sale commun parti combin share commun market term total sale amount merchant sale concern usinor total million arb aceralia account million clear tabl notifi parti merchant sale total million tonn repres combin market share tabl share commun sale hot roll carbon steel flat product gt tabl gt sourc parti main competitor newco market hot roll carbon steel flat product coru market share total sale merchant sale year tk riva amp lt amp lt tier european produc activ market voest alpin amp lt total sale salzgitt amp lt ssab amp lt rautaruukki amp lt import countri increas year repres market structur give rise competit concern merger newco unilater hinder effect competit evad competit rule parallel anticompetit behaviour main produc newco posit rais price unilater rang hot roll flat product import market hot roll carbon steel characteris high level import vast major hot roll carbon steel consum eea commod grade steel import countri suffer qualiti disadvantag conclus view consider commiss conclud notifi oper give parti power hinder effect competit evad rule competit institut ecsc treati regard market hot roll carbon steel flat product quarto plate market structur total market quarto plate total million tonn usinor share term total sale includ captiv sale amount million tonn year arb aceralia share million tonn give combin market share repres slight increas combin market share clear tabl parti share merchant market sale parti amount usinor arb aceralia approxim correspond market share total sale year tabl parti combin sale quarto plate gt tabl gt sourc parti coru held market share term total sale rautaruuki riva salzgitt tk consider distanc newco competitor total amount newcò market share moder cover market capac utilis commun capac utilis rate suggest competitor spare capac increas product sale newco decid rais price unilater act credibl altern supplier constrain newcò market behaviour market entri parti identifi entrant market year vitkowic czech hot roller import duferco plan capac tonn marcegaglia import import level market repres sale compar high penetr rate decreas scope newco act independ competitor conclus basi analysi commiss conclud notifi oper give parti power hinder effect competit evad rule competit institut ecsc treati market quarto plate cold roll carbon steel flat product previou section recit exact geograph market definit cold roll carbon steel flat product left open indic narrowest definit western europ purpos assess figur commun exhaust data western european market event global assess chang figur western europ consid weight countri norwai switzerland liechtenstein iceland small rel term western european situat substanti commun commun market cold roll flat product total million tonn usinor total sale amount million tonn market arb aceralia million combin figur million tonn repres total sale commun parti combin share commun market term total sale amount tabl tabl parti combin sale cold roll carbon steel flat product gt tabl gt sourc parti approxim tonn refer million total sale sold compani usinor arb group newco market share term merchant sale sale parti tabl illustr parti competitor sale market share total sale merchant market tabl share commun sale cold roll carbon steel flat product gt tabl gt sourc parti regard evolut market forecast made independ consult give advic parti effect merger outlin newco share total market cold roll carbon steel flat product statement object commiss preliminari view notifi oper give parti power unilater rais price commiss conclus basi high combin market share parti transact great distanc closest competitor limit extent plan capac forthcom year unlikeli entri absenc competit pressur altern materi insuffici competit constraint stem import inabl automot industri chang supplier short medium term strong posit newco downstream market respons parti contest find commiss essenc parti argu parti lost substanti market share year arriv term total sale year start form substanti spare capac market spare capac expect grow futur addit base result report provid parti econom consult parti claim due high fix cost steel produc high pressur sell quot margin quot tonn threat custom switch small volum supplier suffici exert consider price pressur market cold roll flat product face substanti import bulk stem central eastern europ turkei ci spare capac countri absorb domest demand short medium term import countri mention suffer qualiti disadvantag vast major cold roll flat product consum eea commod grade steel import exercis real last competit restraint behaviour domest produc long term sale commit distribut network custom highli concentr posit exert substanti buyer power vertic integr privileg newco competitor equal integr custom base differ distinct market sum parti argu market condit market cold roll flat product assur effect competit post merger commiss carefulli examin argument rais parti decis element mainten competit high rate import spare capac market consider place set tabl import amount year start repres highest import import growth rate steel market close consider current proceed increas market share appear occur expens parti combin market share decreas term total sale market share player market remain stabl tabl import rate market cold roll product gt tabl gt sourc form parti point import origin eastern european countri transport cost differ substanti transport cost commun event high level import high growth past year appear suggest cold roll flat steel product countri supplier hamper competit disadvantag qualiti price logist prevent enter western european market tabl market cold roll flat product highest rate spare capac market close examin current proceed tabl capac utilis gt tabl gt sourc parti notif tabl evolut capac utilis rate cold roll product gt tabl gt sourc parti eu data spare capac market expect absorb addit demand forthcom year fact market total sale cold roll product grown modestli past year market merchant sale decreas custom shift demand hot dip galvanis sheet consequ current capac utilis rate competitor commun suffici scope react price increas newco extens product exercis competit pressur newco true industri wide capac utilis rate lower newco addit spare capac exist eastern europ main sourc import cold roll flat product sum commiss conclud market structur post merger suggest newco power act independ competitor newco face competit pressur exert high level import commun account exist substanti spare capac industri plan strateg decis remain competitor includ import posit effect constrain newco market behaviour conclus consider led commiss conclus propos concentr give parti power hinder effect competit evad rule competit institut ecsc treati regard market cold roll carbon steel flat product grain orient electr steel sheet market structur total sale market grain orient electr steel sheet million tonn western europ data correspond commun norwai switzerland parti sale total million tonn compris usinor million tonn arb aceralia million includ captiv sale repres share market usinor arb aceralia tabl parti combin share grain orient electr steel sheet commun norwai switzerland gt tabl gt sourc parti tk remain market leader market share coru market share voest alpin market share hold strong posit market due strong posit competitor risk newco unilater hinder effect competit evad competit rule exclud commiss conclud propos concentr creat strengthen risk parallel anticompetit behaviour market market share symmetr spread rang percentag point suggest lack common econom interest tk clear leader market competitor voest alpin activ market share increas year import repres market share parti suggest figur increas futur transport cost fall rel total product price conclus basi commiss believ propos concentr give rise competit concern market grain orient electr steel sheet galvanis steel commun market galvanis steel total million tonn market grown significantli year averag annual growth rate tabl tabl sale galvanis steel commun gt tabl gt sourc parti parti sold million tonn usinor million tonn arb aceralia million tonn approxim total market million tonn total sold compani usinor arb group parti share merchant market sale parti figur usinor arb aceralia market leader result propos concentr newco undisput leader commun market metal coat product posit unilater rais price produc incent compet strongli effect structur market newco act unilater tabl parti doubl size largest competitor tk larger player time larger coru time larger riva fact newco bigger main competitor combin tabl share commun sale galvanis steel gt tabl gt sourc parti larg differ market share newco market share competitor make difficult player respond newco price increas output reduct make unilater action merg firm unprofit merger provid newco larger base sale enjoi result price rise elimin competitor arb aceralia custom divert purchas note arb aceralia usinor largest competitor tk sum custom find econom altern sourc suppli explain constraint exist capac gener capac utilis rate high averag commun capac utilis rate segment hot dip galvanis averag compet produc limit spare capac suppli newco custom plan capac parti respons commiss statement object argu futur signific spare capac galvanis steel commun capac increas hot dip galvanis steel hot dip galvanis steel repres total market foreseen repres support argument produc data hot dip capac construct formal announc europ european peripheri forecast growth demand estim eurof period conclud cumul demand grown amp gt thousand tonn amp gt thousand tonn cumul capac investig commiss confront figur sourc evolut capac demand year basi figur difficult predict futur develop capac commiss invest survei parti plan addit million tonn capac lower million identifi parti form million tonn forecast eurof survei turn latest forecast parti respons statement object predict increas million tonn estim demand growth period growth rate estim year form figur low compar previou growth year year forecast parti respons statement object result averag annual growth rate illustr tabl tabl evolut commun demand hot dip galvanis gt tabl gt sourc repli commiss statement object event parti calcul increas capac wider basi includ eastern europ turkei relev geograph market parti account growth demand countri suggest foreseen spare capac lower parti predict tabl summaris data provid parti term capac increas tabl forecast capac increas hot dip galvanis gt tabl gt sourc repli commiss statement object basi forecast respect evolut commun capac demand submit parti predict capac utilis rate remain high parti estim newco account high share instal commun product capac galvanis steel hot dip galvanis steel combin amount spare capac control newco competitor small newco capac product figur increas capac peripheri commun take account eventu increas demand countri addit capac substanti affect competit situat commun short medium term deliveri countri meet qualiti requir automot industri constitut main custom group hot dip galvanis steel entri entri provid competit constraint capit cost technolog licenc signific barrier entri supplementari constraint due specif galvanis steel product market galvanis steel stream product compani enter market secur suppli cold roll carbon steel steel qualiti requir special grade high ultra high resist meet custom requir commod product access custom automobil difficult process explain compani homolog process underlin report provid parti respons commiss statement object quot evid homolog process impli high time cost consider administr expens steel supplier quot entri grow market produc major competit impact exampl entri hot dip galvanis segment recent marcegaglia tonn year capac bancolor tonn year plan line duferco tonn year scale entri result increas capac increas plan newco project announc dealt discuss recit situat potenti market entrant favour creation newco undertak power select target potenti client newcom largest supplier automot construct sector electro galvanis steel concern entri occur declin demand electro galvanis strip altern materi gener altern materi replac galvanis steel choic materi made industri build compon car white good part die cast case car white good extrem difficult imposs chang materi life product automobil manufactur set product equip weld assembl paint materi part case credibl threaten altern materi involv major product process parti repli commiss statement object argu competit exist long term steel aluminium moment concept car take consider point rais parti appear steel aluminium competit substitut parti explain quot aluminium usag tradition focus specif nich market car price premium quot contradict case todai car maker aluminium substanti level upper segment audi jaguar practic aluminium plastic cost time steel part counter price increas steel threaten aluminium plastic option import import repres total sale galvanis product commun year import repres competit constraint commun produc market import larg commod grade steel altern qualiti metal coat materi requir automobil industri largest custom group repres galvanis steel demand commun produc provid qualiti eastern supplier japan korea suppli qualiti standard price higher europ addit cost cost transport special packag result deliv price doubl materi produc europ market condit difficult situat steel industri east exist price differ substanti disput parti repli statement object express view price commun east move close notwithstand exist price differenti clear cross sensit commun price countri import note import concern commod grade steel import high qualiti steel request automot industri limit parti fiat recent purchas tonn hot dip steel baosteel psa bought tonn hot dip steel purchas psa posco figur import amount level exercis consider constrain effect import high end product market import repres credibl threat possibl newco unilater increas price reduc output bui power automobil industri custom account newco sale smaller custom exercis pressur usinor import individu requir form insignific part newco sale current demand galvanis strip origin automobil industri automobil industri largest custom account combin compani sale automobil manufactur sourc larg major requir usinor arb largest compani account newco sale likewis depend usinor arb larg part requir long time scale introduc supplier limit number altern supplier limit capac supplier appear compani exercis form buyer power short term automobil custom depend usinor arb account smaller proport compani sale automobil industri special requir includ time deliveri qualiti control safeti critic part product process includ audit trail specif physic chemic characterist set detail product specif uniqu custom servic automobil industri steel produc make consider invest establish qualiti control system accept potenti client provid infrastructur time deliveri stock steel automobil manufactur plant minim major manufactur hold averag dai suppli car part materi alloc specif supplier choic supplier limit manufactur steel maker consist meet specif long process test trial supplier accredit case year supplier fulli accept automobil manufactur period month year process involv consider expens automobil compani easili switch supplier case limit number potenti candid potenti supplier consider risk cost involv suppli test materi set technic support team infrastructur suppli time consider time effort expend guarante suffici order forthcom offset initi cost difficulti custom find econom altern suppli reinforc likelihood unilater action merg firm rais price suppress output repli commiss statement object parti contest find commiss point element automot industri consider bui power highli concentr top manufactur combin market share commun vehicl manufactur switch volum short term quot homolog quot supplier purchas loss small volum disproportion impact parti profit threat car manufactur switch smaller volum competitor homolog firm constrain parti abil increas price parti report prepar econom consult argu due high fix cost strong incent steel industri sell tonn downstream product metal coat carbon steel idea sell larger amount downstream product increas capac utilis upstream level blast furnac subsequ reduc cost product tonn due economi scale instanc increas capac utilis integr blast furnac result cost save cost tonn produc electro galvanis steel carefulli argument commiss maintain view buyer power suffici prevent newco act unilater market metal coat product point concentr level automot industri galvanis steel supplier combin market share amp gt post merger reach higher level concentr automot industri custom group individu automot manufactur sourc substanti part demand amp gt merg parti newco biggest custom account galvanis steel sale doubt degre concentr suffici balanc newco market power point highli concentr custom group exercis consider bui power credibl altern shift demand case threat shift larger volum disciplin newco market behaviour state capac utilis industri high remain high level forese futur altern supplier serv consider addit demand point concern threat shift small volum tonn demand short term suffici mean control newco bargain power blast furnac europ gener oper high level capac utilis significantli shift small amount custom demand consider impact cost curv newco illustr parti produc million tonn crude steel million tonn galvanis steel newco biggest custom parti combin galvanis product account million tonn galvanis steel custom shift total demand galvanis steel repres amp lt newco crude steel product proport show custom shift small amount demand effect constrain newco market behaviour conclus basi commiss conclud propos concentr give parti power hinder effect competit evad rule competit ecsc treati regard market galvanis product includ hot dip galvanis steel electro galvanis steel organ coat carbon steel risk unilater hinder effect competit evad competit rule total market organ coat carbon steel million tonn usinor share amount million tonn arb aceralia share million tonn give combin market share term merchant sale parti aggreg market share usinor arb aceralia newco closest competitor coru held market share total sale merchant sale tk market share term total sale amp lt merchant sale tabl tabl parti combin market share organ coat carbon steel gt tabl gt sourc parti merger newco clear market leader term total sale market share amount high combin market share figur give rise concern newco posit act independ competitor combin market share parti merchant market sale parti differ due high degre vertic integr sector usinor arb aceralia larg part product process activ carri compani own control respect group commiss identifi competit concern downstream market newco face competit import produc coru tk substanti spare capac market risk parallel anticompetit behaviour equal market characterist conduc parallel anticompetit behaviour combin share main player term merchant sale repres total market capac utilis rate symmetr usinor arb aceralia utilis compar high amp gt averag commun capac utilis rate total sector final number tier produc activ market ssab rautaruukki voest alpin salzgitt market growth market characteris signific growth suppli increas year partli explain substitut standard cold roll flat carbon steel galvanis steel organ coat steel product trend continu futur conclus reason commiss find merg entiti posit hinder effect competit evad rule competit ecsc treati market organ coat carbon steel steel packag exact product market definit left open market steel packag narrow separ market steel beverag packag ii steel beverag packag market segment market share alloc set tabl tabl market share steel packag gt tabl gt sourc parti steel beverag packag market structur market size amount million tonn parti combin market share amount usinor arb aceralia coru market share tk held year risk unilater hinder effect competit evad competit rule due strong posit competitor market rule creation strengthen posit newco act independ produc risk parallel anticompetit behaviour commiss examin propos transact lead parallel anti competit behaviour main european produc transact increas asymmetri produc importantli player face multin custom packag manufactur industri sector steel beverag packag usinor gener turnov custom arb aceralia custom undertak turn intens pressur intern bottler coca cola pepsi cola concentr beer industri addit commiss consid steel aluminium materi beverag can separ market nonetheless true steel competit pressur aluminium pet situat leav scope steel produc rais price parallel action capac utilis rate market low averag commun market steel beverag beverag packag signific spare capac incent quot cheat quot agre price destabilis tacit collus commiss conclud propos concentr lead parallel anti competit behaviour main european produc steel beverag packag market size amount million tonn year million tonn year market steel beverag pack parti combin market share amount usinor arb aceralia year coru market share tk riva held produc account risk unilater hinder effect competit evad competit rule view strong posit competitor market rule creation strengthen posit newco act independ produc risk parallel anticompetit behaviour commiss examin propos transact lead parallel anti competit behaviour main european produc market steel beverag can propos transact market increas asymmetri market share main player demand side concentr repres strong countervail element undertak account commun consumpt usinor largest custom account sale arb aceralia sale arb aceralia biggest client repres arb aceralia turnov relev market case steel beverag packag competit pressur stem altern materi packag plastic composit materi aluminium glass instanc field foodstuff packag conserv method freez vacuum pack control atmospher cook tend favour plastic composit materi interest steel manufactur rais price put risk competit product hurdl tacit collus import countri repres total sale steel beverag appear standardis commod product rate increas case unreason price european supplier final signific spare capac market mention recit incent competitor undercut supracompetit price level steel beverag can commiss conclud propos transact lead parallel anti competit behaviour main european produc market steel packag market size amount million tonn year million year newco market share usinor arb aceralia year competitor market share amount coru tk amp lt riva produc figur differ observ steel beverag packag segment stem fact steel beverag packag account market result investig market appli addit commiss identifi competit problem smaller altern market steel beverag packag sum hypothet market propos transact give rise competit concern conclus reason commiss conclud propos concentr hinder effect competit parti evad competit rule ecsc treati market market steel packag stainless steel flat product stainless steel flat product includ hot roll stainless cold roll stainless product previou commiss decis market effect propos merger examin level oper newco determin price prevent competit oper creat condit make tacit collus limit number european stainless steel produc effect risk unilater hinder effect competit evad competit rule hot roll stainless steel product hot roll stainless steel product tabl share hot roll stainless steel product term total sale commun norwai switzerland basi parti combin market share face competit avestapolarit tk acerinox tabl market share commun norwai switzerland total sale gt tabl gt sourc parti market stainless steel hot roll flat product merg entiti european leader newco benefit size degre integr parti competitor belong vertic integr group avestapolarit joint ventur outokumpu steel avesta sheffield krupp thyssen stainless belong tk acerinox control american undertak north american stainless main sharehold nisshin steel japan largest stainless steel produc situat possibl propos merger enabl parti unilater determin price prevent effect competit rule ii cold roll stainless steel product parti competitor share market cold roll stainless steel product tabl parti combin share term total sale includ captiv sale tk share term merchant sale parti combin market share amount newco face competit avestapolarit acerinox term total sale similarli market share exist strong competitor rule possibl usinor arb aceralia unilater determin price prevent effect competit tabl market share commun norwai switzerland total sale gt tabl gt sourc parti risk parallel anticompetit behaviour hot roll stainless steel product complet propos concentr supplier stainless steel hot roll product top player amp gt market hot roll stainless steel tabl tabl market share commun norwai switzerland total sale gt tabl gt sourc parti commiss examin merger lead parallel anticompetit behaviour commiss conclud reason oper lead stainless steel produc collect rais price restrict product distribut evad ecsc competit rule market growth contrast sector steel industri stainless steel product enjoi growth rate annum rate increas expect continu year incent exist player compet market share invest continu signific capac extens announc recent avesta polarit tonn tornio alz tonn increas capac increas capac elimin bottleneck possibl rarer invest plant requir meet demand optimum scale invest larg proport size commun market avesta polarit result merger avesta sheffiel outokuumpu steel plant finland capac million tonn year tonn year hot roll tonn year cold roll ast capac tonn year compar total capac hot roll stainless steel million capac stream owner compet vigor load plant cost structur competitor present market cost structur result number factor includ differ term access raw materi evid support conclus outokumpu avesta sheffield commiss decis decemb recit differ convers cost commun produc notic parti explain alloi element nickel chrome account averag price hot roll stainless steel competitor vertic integr mine activ instanc outokumpu steel columbu larg part sharehold chromium produc number japanes competitor financi link nickel chromium produc contrast arb aceralia usinor mine activ relev sector differ cost structur result differ term locat product facil result transport cost transport cost low absolut term make differ loss profit intern transport cost limit competitor acerinox outokumpu signific competitor avestasheffield parti transport cost rang extrem ii cold roll stainless steel product complet propos concentr supplier stainless steel cold roll product top player amp gt market cold roll stainless steel shown tabl merger tk notabl larger market share merg entiti tabl market share commun norwai switzerland total sale gt tabl gt sourc parti commiss examin propos concentr lead parallel anticompetit behaviour commiss conclud reason hot roll stainless steel oper lead stainless steel produc collect rais price restrict product distribut evad ecsc competit rule conclus conclus commiss investig conclud propos merger give rise competit concern stainless steel hot roll cold roll flat product steel distribut vertic integr distributor independ distributor steel distribut constitut import part global commerci polici vertic integr steel produc arb aceralia submit roughli steel consumpt europ distribut channel main european steel produc network distribut centr cover gener substanti part european territori major industri area network distribut centr share common commerci polici sale strategi coordin central oper busi manag structur central sale depart centr degre independ addit integr distributor independ sector consist larg number compani vari size financi strength proport sale independ sector steel servic centr set tabl tabl share sale steel servic centr independ distributor gt tabl gt sourc parti independ distributor theori suppli servic integr distributor provid invest equip larg part suppli necessarili mill european steel produc integr distributor competitor distribut sector possibl secur suppli extend valid price depend individu relationship independ distributor produc note regard steel servic centr activ price wide coil suppli mill determin high degre slit coil price parti outlin repli commiss questionnair independ distributor point difficult time integr distributor fix price end custom substanti produc charg product independ distributor likewis independ distributor affirm larg steel produc show clear prefer integr distributor claim price posit adopt integr steel servic centr base achiev full cost recoveri process logist concern integr upstream manufactur relev product distributor own steel produc advantag respect independ distributor geograph locat centr integr distributor spread europ conclud global contract larg custom product site europ decis centr purchas effect individu negoti place small custom sale organis steel servic centr larg custom global suppli contract negoti european basi product servic deliv conveni distribut centr basi locat custom site practic common automot sector domest applianc industri market investig confirm number independ competitor concern oper small number competitor propos merger bring effici merg parti stabl market fear steel distribut domin produc detriment small independ distributor result reduct number supplier distributor increas price independ distributor submit propos concentr bring disappear suppli sourc take account past face uncertainti continu suppli manufactur commun line previou commiss decis conclud steel distribut region nation servic evalu impact merger distribut sector account implic vertic integr steel manufactur competit distributor suppli steel product distributor european level assess distribut market propos oper bring high market share market steel servic centr franc steel servic centr spain portug stockhold activ franc oxycut centr franc affect market purpos decis steel servic centr benelux north rhineland westphalia steel servic centr unit kingdom ireland stockhold activ benelux north rhineland westphalia steel servic centr franc total quantiti carbon flat product sold franc steel servic centr amount million tonn repres total suppli flat carbon product approxim million tonn sold usinor million tonn arb aceralia parti combin market share propos concentr bring aggreg main competitor market share coru riva tk merger newco market share time bigger princip competitor french market doubl combin market share main competitor market share independ steel servic centr franc low compar neighbour countri independ steel servic centr account amp lt market franc account amp gt germani exclud north rhineland westphalia amp gt itali amp gt unit kingdom independ sector highli fragment larg number small supplier account parti vertic integr newco strong share upstream market product direct sale carbon steel flat product eea level franc parti product hot roll carbon steel repres commun product product cold roll carbon steel flat product repres commun product market investig outlin independ distributor compet usinor distribut network franc reli strongli arb aceralia suppli oper bring disappear altern sourc suppli sum entiti posit merger determin price control reduc distribut hinder effect competit view consider commiss arriv conclus notifi oper give parti power hinder effect competit evad rule competit ecsc treati regard market distribut carbon steel flat product steel servic centr franc steel servic centr spain portug iberian peninsula steel servic centr account total suppli flat carbon product whilst stockhold oxycut centr suppli aproxim total quantiti carbon flat product sold spain portug steel servic centr amount million tonn approxim million tonn sold usinor million tonn arb aceralia parti combin market share propos concentr bring aggreg main competitor market share grupo ro gutser gallardo spain portug consid constitut separ geograph market competit concern aris countri newco share repres spain amp lt portug differ post merger newco main competitor substanti newco time bigger nearest competitor newco main competitor independ distributor integr distributor steel produc depend larg extent notifi parti suppli steel product newco enjoi strong posit distribut carbon steel flat product steel servic centr stockhold centr franc closest market iberian peninsula reduc possibl altern supplier spanish portugues custom repli statement object parti submit basi nation market materi overlap portug arb aceralia market share amp lt nonetheless high market share usinor portug level cross border sale portug spain arb aceralia repres oper spain main sourc potenti competit portugues market size portugues spanish market arb aceralia sale carbon flat product steel servic centr spain kilotonn repres spanish market substanti higher portugues market sale carbon flat product steel servic centr tonn view consider commiss arriv conclus notifi oper give parti power hinder effect competit evad rule competit ecsc treati regard market distribut carbon steel flat product steel servic centr spain portug stockhold activ franc parti combin market share distribut carbon steel product main competitor kdi market share descour cabaud newco substanti higher market share distribut carbon steel flat product newco bigger main competitor sector distribut flat product kdi descour cabaud remaind stockhold market extrem fragment small independ supplier custom base fragment main custom small medium size enterpris addit note newco substanti share distribut carbon steel flat product franc stockhold centr domin posit distribut carbon steel flat product franc steel servic centr market share newco vertic integr enjoi strong posit upstream market product carbon steel flat product europ instanc product cold roll carbon steel flat product commun repli statement object parti contest commiss assess basi relev market includ stockhold carbon steel product parti combin market share repres market mention recit issu dealt section product market definit view consider commiss arriv conclus notifi oper give parti power hinder effect competit evad rule competit ecsc treati regard market distribut carbon steel flat product stockhold centr franc oxycut centr franc total quantiti sold franc oxycut centr amount tonn approxim sold usinor arb aceralia parti combin market share propos concentr bring aggreg main competitor market share oxymet devil oxycentr newco market share consider bigger main competitor newco time larger closest rival import part market highli fragment hundr player activ custom base fragment actor small medium enterpris low plate consumpt bui power import eea insignific repres competit constraint oxycut market declin due arriv technolog laser cut water jet render possibl substanti entrant market evidenc fact signific entri place year repli statement object parti disagre commiss conclus basi argument arb sale small usinor posit includ eurodecoup output eurodecoup fact dh subsidiari usinor sole control argument concern arb sale account market oxycut centr franc arb main competitor usinor basi volum sale slightli oxymet market share market player devil oxycentr savoi decoup bretagn oxi uf acier regard argument parti confirm usinor joint control eurodecoup sale eurodecoup account purpos assess propos concentr view consider commiss arriv conclus notifi oper give parti power hinder effect competit evad rule competit ecsc treati regard market distribut quarto plate oxycut servic centr franc affect market purpos assess propos concentr affect market distribut sector steel servic centr benelux north rhineland westphalia parti combin share market distribut carbon flat product main competitor coru market share tk market share region market subdivid newco market share area compris belgium luxembourg netherland global german market includ north rhineland westphalia market newco face competitor compar bigger size coru belgium luxembourg netherland tk germani steel servic centr unit kingdom ireland parti combin market share nation market consid newco market share unit kingdom amp lt amp lt amp lt ireland event market distribut carbon flat product unit kingdom ireland parti market share smaller coru stockhold activ benelux north rhineland westphalia parti combin market share carbon steel product altern subdivis product market flat long product geograph market nation market parti combin market share take account market oper rais competit concern oper rais competit concern affect market section vi undertak submit parti summari commit propos divestitur order remedi competit concern identifi commiss parti offer divest number undertak busi sector steel product steel distribut steel product market parti divest share undertak finarvedi usinor agre divest procur divest interest hot dip product line isp arvedi galm aceralia usinor agre divest procur divest share galvanizacion del mediterraneo sa galm capit galm produc hot dip galvanis steel lusosid usinor agre divest procur divest share lusosid projecto siderurgico sa capit lusosid produc cold roll steel hot dip galvanis steel tinplat segal arb sidmar usinor cockeril sambr agre divest procur divest share capit société européenn de galvanis sa segal produc hot dip galvanis steel parti divest procur divest busi beautor usinor agre divest procur divest beautor la fere franc beautor hous cold roll mill elecro galvanis steel line dudelang arb agre divest procur divest hot dip steel plant dudelang luxembourg straßburg usinor agre divest procur divest site strasbourg franc hot dip steel organ coat steel divestitur busi includ tangibl intang tangibl asset transfer personnel emploi plant product line refer recit integr cold roll line parti offer request purchas cold roll feedstock capac altern offer toll roll accord normal market condit request purchas transit servic suppli agreement offer unit galm beautor strasbourg offer packag subject exist pre emption regard galm distribut market field steel distribut parti submit undertak cofraf arb agre divest procur divest cofraf sa wholli own subsidiari includ subsidiari flaberga découp situat barberei st sulpic franc orn oxycoupag situat chaillou franc surfaçag de normandi situat chaillou bamesa usinor agre divest procur divest share bamesa acero sl altern transfer remain minor stake independ truste time share sold usinor own directli indirectli bamesa capit joint control relat commit procedur parti commit compli number relat oblig design ensur preserv full econom viabil competit divest busi includ appoint truste respons monitor implement commit commit set detail divest procedur full text commit set annex decis assess undertak galvanis product term market share divest offer bring newco appreci closer level usinor pre merger situat term total sale usinor market share galvanis steel arb aceralia divest combin market share usinor arb aceralia fall divest market share divest parti correct posit market figur similar shown tabl tabl newco sale propos divest gt tabl gt capac concern propos divest substanti bring newco market share tabl illustr tabl newco capac propos divest gt tabl gt market share proposit newco unilater increas price reduc output realist due potenti improv competit posit direct competitor divest propos divest improv market structur wai larger competitor tk coru bui plant reduc gap term size newco smaller competitor salzgitt voest alpin bui plant creat competit forc market share creat competitor order magnitud arb aceralia propos divest resolv problem identifi statement object regard automobil industri divest relat industri investig show accredit process oper plant level potenti buyer gain access automobil custom bui plant suppli custom parti explain repli suppli steel automobil sector effect competit bid process divest propos automobil custom posit find altern sourc suppli newco competitor stronger competitor part bid process divest joint ownership largest commun steel manufactur larg disappear market galvanis steel product diminish incent possibl competitor potenti ordin behaviour final divest place quot home territori quot merg firm area compris franc spain portug benelux reduc incent develop subcontinent geograph market product consider born market test propos remedi undertaken commiss steel distribut propos divest elimin competit concern identifi commiss regard distribut market franc spain portug franc divest cofraf bring total market share newco market steel servic centr market stockhold flat carbon steel product oxycut concern newco market share divest amount importantli divest elimin overlap market steel servic centr stockhold oxycut franc includ arb aceralia steel distribut oper market addit divest bamesa appreci reduc market share newco market steel servic centr spain portug basi market share newco share bamesa repres market divest newco share market compar grupo ro gutser gallardo nation market consid newco market share spain reduc portug divest enabl competitor appreci increas market share outweigh imbal creat merger usinor arb aceralia consider born market test propos remedi undertaken commiss conclus commiss consid undertak satisfactorili address competit concern identifi commiss market galvanis steel steel distribut vii conclus light consider commiss reach conclus provid undertak set annex decis fulli respect propos concentr give rise competit problem give newco steel power determin price control restrict product distribut hinder effect competit substanti part market relev product evad rule competit ecsc treati establish artifici privileg posit involv substanti advantag access suppli market requir articl ecsc treati met propos merger authoris condit parti fulli compli commit subject chang pursuant review claus set annex confidenti version commit annex aspect commit constitut condit fulfil subject chang pursuant review claus structur chang relev market achiev remain aspect commit implement step achiev structur chang sought constitut oblig mean subparagraph articl ecsc treati adopt decis articl oper undertak arb sa aceralia corporación siderúrgica sa usinor sa merg compani newco steel authoris articl ecsc treati subject full complianc commit set annex condit confidenti version commit annex articl decis address notifi parti brussel novemb commiss mario monti member commiss commiss notic align procedur process merger ecsc ec treati oj oj case iv iv ecsc arb aceralia oj correct version oj oj cf case comp usinor arb aceralia case comp usinor arb aceralia part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk case iv ecsc usinor cockeril sambr case iv ecsc krupp hoesch thyssen case comp ecsc outokumpu avesta sheffield case iv avesta british steel ncc aga axel johnson case iv krupp thyssen riva falck tadfin ast case iv ecsc usinor cockeril sambr case iv ecsc krupp hoesch thyssen case comp ecsc outokumpu avesta sheffield case iv avesta british steel ncc aga axel johnson case iv krupp thyssen riva falck tadfin ast case iv ecsc sollac aceralia solm case iv ecsc krupp hoesch thyssen case iv ecsc usinor cockeril sambr case iv ecsc arb aceralia case iv ecsc aceralia aristrain case iv ecsc krupp hoesch thyssen case iv ecsc sollac aceralia solm case iv ecsc krupp hoesch thyssen case iv ecsc usinor cockeril sambr case iv ecsc arb aceralia case iv krupp thyssen riva falck tadfin ast case iv ecsc sollac aceralia solm case iv krupp thyssen riva falck tadfin ast case iv ecsc sollac aceralia solm plate thick heavi plate medium plate roll squar rectangular piec made cut hot roll wide strip univers plate hot roll flat product cut piec mm wide mm thick case iv ecsc krupp hoesch thyssen case iv ecsc arb aceralia case iv ecsc krupp hoesch thyssen case iv ecsc arb aceralia turn narrow strip band steel includ slit strip produc directli width mm slit hot roll wide strip case iv ecsc usinor cockeril sambr case iv ecsc arb aceralia case iv avesta british steel ncc aga axel johnson case iv krupp thyssen riva falck tadfin ast case iv ecsc usinor cockeril sambr case iv krupp thyssen riva falck tadfin ast ibidem case iv ecsc krupp hoesch thyssen case iv ecsc sollac aceralia solm case iv ecsc arb aceralia case iv ecsc usinor cockeril sambr case iv ecsc krupp hoesch thyssen aluminium zinc alloi zinc aluminium zinc nickel paint thin organ coat toc lamin film organ coat entail ad raw materi depend exact applic organ coat aluminium coat flat carbon steel product metal metal materi case iv ecsc usinor cockeril sambr case iv ecsc sollac aceralia solm case metal treatment convert coat zinc iron alloi iron facilit weld custom premis galvann aluminium plastic composit materi glass steel product stainless steel cold roll steel organ coat case iv ecsc arb aceralia case iv ecsc krupp hoesch thyssen case iv ecsc usinor cockeril sambr case iv ecsc usinor cockeril sambr case comp alcan alussuiss case comp ecsc outokumpu avesta sheffield case iv avesta case iv krupp thyssen riva falck tadfin ast case comp ecsc outokumpu avesta sheffield case comp ecsc outokumpu avesta sheffield case iv avesta british steel ncc aga axel johnson case iv krupp thyssen riva falck tadfin ast annex ecsc treati case comp ecsc outokumpu avesta sheffield case iv avesta british steel ncc aga axel johnson case iv krupp thyssen riva falck tadfin ast case iv usinor finaverdi case iv ecsc usinor cockeril sambr case iv ecsc aceralia aristrain case iv ecsc krupp hoesch thyssen case iv ecsc arb aceralia case comp ecsc outokumpu avesta sheffield case iv usinor asd case iv avesta british steel ncc aga axel johnson case iv british steel svensk stal nsd case iv hoogoven klöckner amp case iv klöckner comerci de laminado case iv klöckner od case iv krupp thyssen riva falck tadfin ast case iv usinor cockeril sambr case iv avesta iii case iv klöckner comerci de laminado case iv klöckner od case iv hoogoven klöckner amp case iv klöckner comerci de laminado case iv klöckner od case iv klöckner od case iv usinor cockeril sambr case iv klöckner comerci de laminado case iv klöckner comerci de laminado case iv ecsc usinor cockeril sambr distribut stainless steel product analys commiss inter alia decis case comp ecsc outokumpu avesta sheffield case iv avesta iii case iv krupp thyssen riva falck tadfin ast case iv avesta british steel ncc aga axel johnson case iv british steel svensk stal nsd case iv klöckner comerci de laminado case iv klöckner od case iv avesta british steel ncc aga axel johnson case iv usinor asd case iv ecsc usinor cockeril sambr case iv usinor cockeril sambr case iv usinor cockeril sambr case iv ecsc aceralia aristrain case iv usinor cockeril sambr case iv ecsc krupp hoesch thyssen case iv ecsc krupp hoesch thyssen due lack figur western europ analysi conduct eu data chang result investig low impact efta countri total western european market case iv krupp thyssen riva falck tadfin ast case iv ecsc sollac aceralia solm case iv ceca usinor cockeril sambr case iv ecsc arb aceralia case iv ceca usinor cockeril sambr case iv krupp thyssen riva falck tadfin ast case iv avesta british steel ncc aga axel johnson case iv british steel svensk stal nsd case iv klöckner aru case iv klöckner od case iv klöckner aru case iv usinor cockeril sambr case iv ceca usinor cockeril sambr case iv usinor cockeril sambr case iv usinor cockeril sambr case iv hoogoven klockner repli commiss statement object volum ii annex parti econom consult report quot steel product automot sector quot octob parti econom consult report quot steel product automot sector quot octob decis decemb case comp ecsc outokumpu avesta sheffield case iv krupp thyssen riva falck tadfin ast annex full origin text condit oblig refer articl consult commiss websit http europa eu int comm competit index en html