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( 1 ) OJ NO L 344 , 31 . 12 . 1979 , P . 7 .

COMMISSION DECISION NO 2091/80/ECSC

OF 4 AUGUST 1980

REPEALING DECISION NO 3060/79/ECSC FIXING MINIMUM PRICES FOR HOT-ROLLED WIDE STRIP , AND IMPOSING CERTAIN REQUIREMENTS ON UNDERTAKINGS AND DEALERS IN THE IRON AND STEEL INDUSTRY

THE COMMISSION OF THE EUROPEAN

COMMUNITIES ,

HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN COAL AND STEEL COMMUNITY ,

HAVING REGARD TO COMMISSION DECISION NO 3060/79/ECSC OF 27 DECEMBER 1979 FIXING MINIMUM PRICES FOR HOT-ROLLED WIDE STRIP , AND IMPOSING CERTAIN REQUIREMENTS ON UNDERTAKINGS AND DEALERS IN THE IRON AND STEEL INDUSTRY ( 1 ), AND IN PARTICULAR ARTICLE 9 THEREOF ,

WHEREAS IRON AND STEEL PRODUCERS IN THE COMMUNITY HAVE UNDERTAKEN RESTRUCTURING EFFORTS ; WHEREAS THE MAINTENANCE OF MINIMUM PRICES MIGHT ENCOURAGE SOME PRODUCERS TO INCREASE THEIR HOT-ROLLED WIDE STRIP PRODUCTION CAPACITY TO AN EXTENT THAT WOULD MAKE IT INCOMPATIBLE WITH THE GENERAL OBJECTIVES FOR STEEL ,

WHEREAS IT IS THEREFORE NECESSARY TO ABOLISH THE MINIMUM PRICES FOR THIS PRODUCT ;

WHEREAS THE OTHER REQUIREMENTS IN THE SAID DECISION HAVE NO JUSTIFICATION ONCE THE MINIMUM PRICES ARE NO LONGER APPLICABLE ;

WHEREAS IT IS THEREFORE NECESSARY TO REPEAL DECISION NO 3060/79/ECSC IN ITS ENTIRETY ;

WHEREAS , IN VIEW OF THE CONSULTATIONS HELD , THE COMMISSION IS IN A POSITION TO REINTRODUCE THE MINIMUM PRICES IMMEDIATELY SHOULD IT FIND THAT CONDITIONS ON THE MARKET ARE DETERIORATING , AND IN PARTICULAR IF THE ABOLITION OF MINIMUM PRICES LEADS TO A REDUCTION IN THE PRICES OF HOT-ROLLED WIDE STRIP LIKELY TO JEOPARDIZE THE ATTAINMENT OF THE AIMS OF THE TREATY AND OF THE STEEL POLICY ,

HAS ADOPTED THIS DECISION :

ARTICLE 1

DECISION NO 3060/79/ECSC IS HEREBY REPEALED .

ARTICLE 2

THIS DECISION SHALL ENTER INTO FORCE ON THE DAY OF ITS PUBLICATION IN THE OFFICIAL JOURNAL OF THE EUROPEAN COMMUNITIES .

THIS DECISION SHALL BE BINDING IN ITS ENTIRETY AND DIRECTLY APPLICABLE IN ALL MEMBER STATES .

DONE AT BRUSSELS , 4 AUGUST 1980 .

FOR THE COMMISSION

ETIENNE DAVIGNON

MEMBER OF THE COMMISSION