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Company News, 2011-10-12, 03:08 PM

Dr. Heinrich Hiesinger elected to Executive Committee of the worldsteel association

Dr. Heinrich Hiesinger, Chief Executive of ThyssenKrupp AG, has taken a seat, like his predecessor, on the Executive Committee of the worldsteel association (worldsteel). At the worldsteel annual conference in Paris, Dr. Hiesinger expressed the hope that European governments would succeed in responding decisively to the uncertainties on the financial markets as quickly as possible. It will only be possible to make reliable forecasts in particular for the core European and NAFTA markets when a solution is in sight to the financial market crisis in Europe. Facts and figures on the recently ended 2010/2011 fiscal year will be communicated at ThyssenKrupp’s annual press conference in Essen on December 6, 2011.

For the German steel industry, Hans-Jürgen Kerkhoff, President of the German Steel Federation (Wirtschaftsvereinigung Stahl), said yesterday in Paris that although economic prospects had clouded in recent weeks, he did not expect any fundamental reversal of the previous positive trends on the German and international steel markets. This assessment is in line with worldsteel’s Short Range Outlook for 2012, which predicts 5.4 percent growth in global steel output, with China still the main driving force.

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