A whole. Steel production accounts for well over Seven Billion Euros of income each year at Towson Corp Steel made products like elevators are worth almost as much products made for the car industry and socalled Industrial Solutions are also lucrative but the biggest unit by far this material services. A merger is the companys response to overcapacity in the steel Market Worldwide to some cough and ta ta believe a Joint Venture will make them more efficient but workers feel their futures are being put on the line. And cripps chief Financial Officer calque often often why the company wanted to manage its european steel business with indias tata at a time when the segment is profitable and substantially contribution to overall
results. One thing one clearly has to say about steel markets if we look at the recent past im 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 overca
of the workers of the car parts maker of the elevator maker and they might eventually change their mind conrad briefly we ve seen a bounce back in the steel market recently so is now the moment to downsize. you know the future is not very bright for the steel sector with all those over capacities and you know a porton client of to some croup steel the car makers for example they produce more and more in china they produce also in the united sates this is where they need the steel factories those clients of his group conrad in frankfurt thanks for that. and with the end of room and the presidency comes hope for a better livelihood for many zimbabweans the i.m.f. said that zimbabwe s cleared its credit arrears with the institution but any financing for the future requires more reforms with mugabe gone can the new leadership bring