EEC Commission Decision no. 962/77/ECSC of 4 May 1977 Fixing Minimum Prices for Certain Concrete Reinforcement Bars

• Published date: 01 September 1978
• Date: 01 September 1978
• DOI: http://doi.org/10.1177/0003603X7802300306
• Subject Matter: Article

EEC

COMMISSION' DECISION

NO.

962/77/ECSC OF

4 MAY 1977 FIXING MINIMUM

PRICES

FOR CERTAIN

CONCRETE REINFORCEMENT

BARS

EDITORIAL

NOTE:

A "common steel policy" about "monitor-

ing of the market" was announced on December 23, 1976, on

pages 3-5 of the

part

of the

Offici.al

Journal of the

European

Communities

that

reports

information

and

notices. The policy

included permanent statistical analyses of steel supply and

demand; adoption of "negative positions" toward investment

projects where excess capacity was foreseen; discussions with

the steel

industry

about foreseeable developments in capacity,

"with a view to coordinating investment intentions"; use of

the Commission's loan policy to facilitate joint investment

in heavy production

plant;

encouragement of "such moves

towards rationalization as would achieve a

better

balance of

supply with demand"; and certain measures to cope with

economic crises. Much of the

part

of this statement

that

per-

tained to crises is reproduced in the first document

that

fol-

lows this note.

On the following day, the

Journal

specified categories of

steel products

for

which commitments by individual firms to

limit deliveries would be sought by the Commission. The

second document reproduced below consists of excerpts from

this statement.

In

May 1977 an issue of the

part

of the

Journal

that

re-

ports

legislation consisted entirely of measures

that

the Com-

mission had undertaken in April and

Mayas

applications of

its crisis policy. These documents

are

reproduced below in

full. Added to them is a supplementary document published

on

July

22, 1977.

[1. From Official Journal,

Information

and Notices,

Dec.

23,

1976,

pp.

3-5]

B.

CRISIS

MEASURES

Making use of the direct means provided

for

in the

Treaty

to cope with a crisis, notably production quotas (Arti-

627