European Coal and Steel Community

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European Coal and Steel Community (ECSC)

a regional alliance established in 1951 to promote free trade in coal and steel. Its founding members were (West) Germany France, Italy, Belgium and Luxembourg, five of the six countries that later went on to build on the spirit of cooperation kindled by the ECSC to establish the broader based EUROPEAN UNION. One of the main roles of the ECSC is the regulation of the industry's capacity to ensure that long-run supply is kept in line with demand potential and that individual suppliers, including nationalized concerns, are prevented from dominating the market.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Given the state of "manifest crisis" in the sector, he set up a steel production quota scheme in October 1980, as allowed under the ECSC Treaty.
The ECSC staff has taken the tactical and technical aspects of ECCC and married them with the critical thinking and maneuver warfare concepts of the contemporary operational environment to produce an intense and challenging course.
Archival sources show us that between 1952 and 1967, 63 concentrations occurred in the West German coal and steel industry, of which 13 were coal-coal and 8 were coal-steel concentrations; these concentrations occurred mainly during the first years of the ECSC's existence.
Commenting on the agreement, Ziad Al Labban, Sadara's chief executive officer, says: "This strategic, long-term supply agreement with ECSC is a key step forward in the development of the local oil and gas chemicals market.
ECSC predictions) are used, and that the algorithm in the original SA guideline is altered accordingly (Fig.
The chairperson of the ECSC is elected by the members of the Committee for a term of office of one year, which may be extended for another year.
The computing cost in key generation are the same; signcryption cost in ours is slightly lower than that in ECSCS while unsigncrption of ECSCS is slightly lower than ours, total resulting an equal computing cost, yet ECSCS proves to be unsuitable for public verifying.
The ECSC has various features such as indoor recreation spaces, a black box theatre, an art gallery, cinema hall, business district, food and beverage services, QF student affairs staff offices and many more facilities.
The judges ruled that the anti-competitive deeds dated back to 1994 for ArcelorMittal Luxembourg and to 1998 for ThyssenKrupp Nirosta, ie before the expiry of the ECSC Treaty and that the principles of legal security and protection of legitimate expectations impose a continuity of these rules and that the companies cannot ignore the consequences of their conduct or expect to escape any punishment due to the expiry of the ECSC Treaty.
Signed over 50 years ago, the first European treaties were based on the energy component, with the advent of the ECSC and Euratom.
The people of Europe were never told that the process begun in 1951 with the creation of the European Coal and Steel Community (ECSC) was being directed by architects and administrators who planned to move them through several stages before bringing them to the final goal of a socialist European superstate.