results. one thing one clearly has to say about steel markets if we look at the recent past i'm going forward as well it is a volatile market so you see periods of good good earnings and of worse earnings and the underlying issue of that is that we still have overcapacity in europe and in china and what we want to address with the joint venture is clearly these underlying things to make it a stronger business in europe overall and therefore more sustainable for all involved parties be of the work force be it the companies and the onus that was a good account off to encrypt chief financial officer well for more let's get the market reaction with our financial correspondent khana got a boson in frankfurt conrad let's be honest negotiating this merger was a nightmare it took eighteen months union representatives say they're going to vote it down anyway so what are investors making of that. all this really