Europe’s antitrust chief Margrethe Vestager, who has scrutinised mergers involving steel producers, shared her insights of the steel market with her European Commission colleagues on Wednesday, May 22.
The move came as world No. 1 steelmaker ArcelorMittal warned of a weak market in Europe and announced a cut in its European steel output while British Steel, Britain’s second largest steel company, risks collapse with 25,000 jobs at stake.
“The steel market as such is of great interest to the Commission. You have seen all the work done by Katainen over the years. So this is a good occasion to do a sort of state of play of the steel market as such,” Vestager told reporters before the Commissioners’ meeting.