Covers trends in the 1980s and 1990s. Includes case studies of social and labour policies in eight companies.

As might be expected, steel product prices fell during the recession of the early 1990s. Between 1990 and 1992, steel prices fell by about a third. As the economies of the EC recovered from the recession from early 1993, steel prices rose but by mid‐year it was clear that the increase was much...