VOL. XXX1

NO. 47

29-AUGUST-1988

IRAQ

Iraq Offers to Purchase Steel Mill from USX Corporation

Iraq recently offered to purchase a mothballed steel mill in Baytown, Texas,from the giant USX Corporation for a reportedly $100mn, a move which hasprecipitated a controversy in the US led by Congressman Jack Fields of Texas.Apparently last July Iraq offered to purchase the 20-year old 1.3mn tons/yearmill, which is capable of manufacturing large diameter steel pipe for oil, gasand water, with a view to...