End of CECA existence
CECA officially ceased to exist yesterday after 50 years as a regulatory entity for steel and coal in
Europe. Both industries have been drastically transformed as now
Europe produces 159 million tons of steel (compared with 39 in 1953) and just half the people. The coal industry only employs 81,000 people against 1.86 million. Total coal
production is down to 83 million mt against 485 million at its start.