The German Steel Syndicate

H. R. Tosdal

The Quarterly Journal of Economics, 1917, vol. 31, issue 2, 259-306

Abstract: Introductory, 257. — I. The first period, 1904–07, 260. — Efforts to increase control, 260. — The open hearth works, 261. — Syndication of B-products, 262. — Agreements with foreign producers, 266. — II. The second period, 1907–12, 267.— Renewal problems, 268. — Works dealers, 270. — Allotments, 271. — Renewal, 272. — Changes and readjustments, 272. — Upper Silesian Syndicate, 274. — Relations with open hearth works, 274. — Combination in B-products, 275. — III. Third period. Extension of the syndicate, 1912–17, 276. — Chief difficulties, 276. — Removal of restrictions on B-products, 277. — The syndicate since 1912, 280. — Attempts to syndicate B-products, 282. — Influence of the war, 284. — IV. The price policy of the steel syndicate, 284. — Domestic prices, comparison, criticism, 284. — Export prices and export bounties, 286. — Relations of the syndicate with buyers, 287. — V. Influence of the steel syndicate upon the industry, 289. — Upon the profitableness of constituent enterprises, 290. — Allotments and sales, 290. — Growth of integration, 291. — Over-expansion, 291. — Conflict between integrated and non-integrated works, 293. — VI. The steel syndicate and middlemen, 299. — Organization of dealers under syndicate control, 300. — Advantages and disadvantages to dealers, 300. — VII. Conclusion. 303.

Date: 1917
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