ARBED EXEC CALLS ON US TO RESTRUCTURE STEEL

摘要

Joseph Kinsch, joint chairman-elect of Luxembourg-based Arbed SA, the world's biggest steelmaker, on Thursady called on the United States to restructure its steel industry with the goal of delivering deep production cuts to the crisis-ridden global steel industry, London-based Financial Times reported on its Web site.Kinsch will take over in February as co-chairman of a new company being formed by the merger of Arbed, Aceralia SA of France. While most steelmakers are expected to back moves to cut the amount of steel-seeking buyers on world markets, the United States must restructure its steel industry more competitively by facilitating mergers, he said, earlier this week, the three companies in the merger thrashed out an agreement that will give Usinor shareholders 53.8 percent of the new company, rather than the 56.5 percent agreed upon when the deal was unveiled earlier in the year.