The European Commission requires an extra times to weight the proposed merger of the European actives of the steel companies ThyssenKrupp and Tata Steel. The deadline was already postponed to April 29, but that is now postponed for another 8 working days to May 13.

Brussels fears that the merger will have a negative impact on competition in the steel market, possibly resulting in undesirable price increases. The European Commission is therefore conducting an in-depth investigation.

Last year the merger between the European divisions of the German ThyssenKrupp and the Indian Tata Steel was finalized. The new company will be called ThyssenKrupp Tata Steel and will be headquartered in Amsterdam. The former Hoogovens in IJmuiden will become part of the merger company.

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