Steel export representatives tell Monopoly group of Europe-America Steel Cartel. Washington, , Nov. 15. Bash of New York, Vice President of the Bethlehem Steel Export Corp. and Manager of the Steel Export Association today told the Monopoly Committee that Steel producers were urged to join the International Steel Cartel or suffer lower export prices and European invasion of American markets. He explained that his group consults with the European group to 'divide up the world' on a basis of tonnage with a yearly quota for each. If one oversells his quota, he pays a penalty to the
Steel export representatives tell Monopoly group of Europe-America Steel Cartel. Washington, , Nov. 15. Bash of New York, Vice President of the Bethlehem Steel Export Corp. and Manager of the Steel Export Association today told the Monopoly Committee that Steel producers were urged to join the International Steel Cartel or suffer lower export prices and European invasion of American markets. He explained that his group consults with the European group to 'divide up the world' on a basis of tonnage with a yearly quota for each. If one oversells his quota, he pays a penalty to the other group. He said about a dozen American steel firms were members of the American Association
Size: 5021px × 3982px
Photo credit: © Alpha Stock / Alamy / Afripics
License: Licensed
Model Released: No
Keywords:
