<|begin_of_text|><|begin_of_text|><|begin_of_text|>WASHINGTON, July 31 (AP) —The Government charged the Armco Steel Corporation today with using illegal reciprocalpurchase arrangements with suppliers and customers.
The Middletown, Ohio, concern, which is the United States’ fifth‐larg<wm>est steel producer, faces the charges. The U.S. Attorney’s office announced Monday that Armco and its major suppliers in Poland, Poland, and Ukraine used complex financial transactions to facilitate the illicit purchases. They agreed on average a US$100,000 (approximately NZ$125,000 or AUD $141,000) per year of the agreed amount through the deal.
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Armco’s CEO, Thomas J. McCarthy Jr.</wm> released a statement, expressing his commitment to doing the “proper” thing.
 “In the pursuit of