commiss decis author acquisit entir share capit walker son hold british steel plc english text authent ecsc commiss european commun regard treati establish european coal steel commun articl thereof regard decis lai implement articl ecsc treati regul constitut control undertak regard request made british steel plc london octob author acquir entir issu share capit walker son hold blackburn consult govern unit kingdom ireland parti british steel plc bs public compani quot london intern stock exchang issu share capit million main activ product distribut ecsc steel product addit manufactur distribut rang product cover ecsc treati oper ship consult sector bs ecsc undertak defin articl ecsc treati year march bs turnov million million relat stockhold million unit kingdom million european commun addit subsidiari bs concentr number produc distributor asw hold group sharehold unit engin steel sharehold unit merchant bar sharehold dsrm group sharehold templeborough roll mill sharehold walker son hold walker privat unit kingdom compani paid share capit million princip activ distribut ecsc ecsc steel product walker manufactur activ financi servic airlin oper activ includ asset acquir bs walker ecsc undertak defin articl year june walker turnov activ acquir bs million million relat stockhold total million realiz unit kingdom million ireland ii natur takeov bs intend acquir entir issu share capit walker bring concentr mean decis iii relev market larg steel stockhold bs walker carri wide rang steel product cover ecsc treati fall eec treati import product categori section plate hot cold roll strip coat sheet stainless sheet merchant bar defin ecsc stockhold product tube bright bar eec stockhold product ecsc eec stockhold product stockhold product constitut relev product market bulk product sold compani fall ecsc treati tube bright bar consid eec treati ecsc eec product examin separ addit concret reinforc fall partli ecsc treati partli eec treati consid separ addit examin market situat import market section plate strip product stainless flat product merchant bar tube bright bar examin individu ensur propos transact advers effect level geograph market consid level bs major integr steelmak commun steel stockhold trade oper nation market bs own stockhold franc feder republ germani netherland hoogoven krupp kloeckner thyssen usinor sacilor stockhold interest unit kingdom largest stockhold franc own cockeril sambr belgian produc fact high level import penetr unit kingdom suppli commun import countri account ecsc stockhold product demand demand tube bright bar commun relev market posit uk irish nation market import consid detail stockhold local servic transport cost delai limit competit depot geograph area immedi surround depot size area vari product product locat locat determin locat compet stockhold depot local effect critic determin effect competit definit stockhold market sens product distribut local oper gener local clientel custom equal bui directli produc mill bui import steel steel trader dimens examin propos transact iv develop stockhold proport steel sold stockhold continu grow unit kingdom percentag total steel deliveri sold stockhold grown steadili market sector produc ignor produc control proport outlet product stockhold downstream outlet wiredraw engin offer prospect greater stabil number reason develop stockhold product side number produc mill reduc averag size increas result mill prefer accept small order improv product mill attempt maxim length product run stockhold offer conveni dispos long product run reduc stock produc work number major consum industri includ shipbuild coal mine bought larg quantiti steel direct mill declin lower requir technic develop result lighter stronger tougher steel reduc tonnag requir industri automobil manufactur rail white good tradition bought directli mill develop natur stockhold stockist retail steel carri process oper add oper includ slit cut length profil reliev custom necess instal plant emploi labour recent develop field growth time suppli stockist locat close major custom factori pre prepar materi short notic custom schedul enabl elimin greatli reduc stock control product process ecsc product walker produc alumin sheet annual product tonn bs major produc coat sheet product total product million tonn produc alumin sheet result transact complement bs product rang sector addit walker cut special section guid rail length section roll bs roll own walker sale product amount tonn vi ecsc stockhold bs walker maintain propos transact market share enjoi bs walker individu commun market ecsc stockhold product categori product percentag exce commun competit larger stockhold oper commun market hundr smaller stockist bs walker share ecsc stockhold market eur product bs walker tonn eur tonn plate section strip mill product stainless flat product merchant bar total unit kingdom bs approxim nation market ecsc stockhold product walker initi market share vari depend product question shown tabl bs walker share ecsc stockhold market unit kingdom product bs walker tonn unit kingdom tonn plate section strip mill product stainless flat product merchant bar total bs believ market share unit kingdom bs walker drop custom bui bs walker maintain strateg reason independ suppli sourc case previou takeov notabl case acquisit simpson bs subsidiari sssd initi market share combin oper fell stai level time walker takeov gkn steelstock combin market share fell month bs stockhold oper ireland result takeov lister steel compani ireland walker strong presenc shown tabl walker stockhold market market share plate section strip mill product oj publish version decis inform hereinaft omit pursuant provis articl ecsc treati bs walker share ecsc stockhold market ireland product bs walker tonn ireland tonn plate section strip mill product stainless flat product merchant bar total vii british steel ecsc supplier walker bs largest custom bought tonn ecsc treati product total requir unit kingdom ireland bs provid tonn walker group contrast bs provid requir stockhold subsidiari uk requir stockhold oper commun scope bs increas sale walker oper severlei limit high level purchas bs fact current bs practic extend walker oper fall tonnag steel purchas bs combin posit bs stockhold direct supplier ecsc stockhold product complet takeov walker unit kingdom ireland shown tabl bs direct supplier stockhold ecsc stockhold product unit kingdom ireland tonn uk total tonn irish total bs direct sale bs stockhold sale bs total acquisit walker sale bs total acquisit total market share nation market similarli steel produc control direct sale sale stockhold subsidiari order magnitud usinor sacilor cockeril sambr ilva viii applic articl ecsc treati propos transact concentr sens decis requir prior author commiss grant oper give undertak concern power respect product cover ecsc treati determin price control restrict product distribut hinder effect competit substanti part market product evad rule competit institut ecsc treati establish artifici privileg posit involv substanti advantag access suppli market walker product alumin sheet small bs make product concentr bs walker ecsc product oper chang competit posit product similarli concentra tion effect situat guid rail produc bs sold cut length walker level european commun bs walker market share ecsc stockhold product determin price unit kingdom ireland posit stronger determin price reason larg number compet stockhold unit kingdom ireland stockhold larg asd plc largest unit kingdom market stockhold product grown rapidli singl depot nationwid network year smaller stockhold compar larg share market nich occupi glynw estim hold unit kingdom market stainless steel flat product independ stockhold control produc control market unit kingdom ireland ireland chang level distribut bs stockhold oper countri ow local natur stockhold busi stockhold oper nation european scale small provid effect competit geograph product area bs walker depot compet stockhold geograph locat smaller distribut oper necessarili ti bs supplier own continent produc steelmak glad increas sale expens bs suppli independ stockhold compet stockhold enjoi easi access suppli steel competit price import account unit kingdom demand ecsc stockhold product bs walker posit control product distribut ecsc product share commun output unit kingdom share product steel larg commod product differenti bs steel sourc bs restrict product reduc suppli steel compet stockhold shortfal made produc insid commun heavili capit intens natur steel product voluntari reduct product increas bs unit cost reduc elimin benefit shortag creat long term forward perman loss market share credibl supplier reduct product succeed rais price level unit kingdom attract addit import bs walker major outlet bs product give bs artifici privileg posit bs walker compet marketplac independ stockhold own produc bs requir event compli ecsc rule sale walker take larg major steel requir bs scope bs increas sale walker outlet bs stockhold oper bought steel bs pattern appli walker ecsc stockhold oper walker bui tonn bs make assess propos transact author commiss account size undertak commun market stockhold product produc similar larger share bs walker includ usinor sacilor cockeril sambr arb ilva thyssen compani signific share nation market notabl usinor sacilor cockeril sambr ilva proport market ecsc stockhold product held produc higher unit kingdom averag major produc countri unit kingdom rang spain feder republ germani complet takeov bs product finish product sold stockhold subsidiari present sold compani higher proport instanc tonnag sold cockeril sambr stockhold arm big total product steel compani distribut larg part product ti outlet stabl base plan futur condit set articl ecsc treati met concentr author concern ecsc product ix reinforc reinforc consist steel reinforc standard cut length ecsc product bent bar mesh eec product product suppli reinforc engin build public work contractor contractor suppli mix straight bent bar mesh meet requir practic level difficult separ ecsc eec aspect trade reason steel reinforc treat product ecsc aspect examin decis bs longer produc steel reinforc direct interest reinforc engin asw compani bs stake concentr larg produc reinforc engin subsidiari oper unit kingdom walker small reinforc oper unit kingdom larger oper ireland unit kingdom combin sale tonn give bs walker market share irish consumpt steel reinforc small tonn commun sale compar estim million tonn europ bs asw reinforc oper ireland walker suppli approxim small market reinforc year walker reinforc oper ireland bought minim tonnag reinforc bar asw local steel produc irish steel stop produc reinforc bar earli walker start bui asw rate equival approxim tonn year requir ireland applic articl ecsc treati reinforc ecsc treati unit kingdom combin market share give rise concern bs walker high market share straight bar ireland share held walker propos transact chang competit situat level distribut condit set articl met relat straight bar ecsc product aspect propos transact author xi eas entri stockhold sector compar eas entri stockhold market protect abus distort market level sophist basic oper requir larg amount financ high level expertis entrant nich exploit readi advantag opportunit consid larger stockhold establish compar easili entrant smaller stockhold depend bs steel suppli produc primarili exclus commun extend sale overcapac steel produc industri import factor exception high demand experienc return normal level ensur readi avail suppli independ stockhold entrant establish oper xii conclus condit set articl ecsc treati met propos transact author bs oblig ecsc treati compli ecsc price rule sale bs concentr light high market share unit kingdom ireland posit major supplier market bs requir report annual commiss price charg stockhold subsidiari charg compet stockhold adopt decis articl british steel plc author articl ecsc treati acquir entir share capit walker son hold articl british steel month end financi year present commiss analys product group averag net price charg stockhold compani unit kingdom ireland hold equiti rang price sale stockhold analys made separ unit kingdom irish market product group section merchant bar plate hot roll coil sheet cold roll coil sheet hot roll stainless strip cold roll stainless strip galvan sheet coat sheet articl decis publish ofici journal european commun articl decis address british steel plc albert embank london se sn brussel commiss leon brittan vice presid