Chief Executive Officer

Prospects for the steel market: rest Yes, but not a new boom in sight. The fourth edition of the Dow Jones Stahl took on 8 and 9 September 2009 in Frankfurt am Main. Once again, representatives from steel production, trade and processing industry use the annual meeting to exchange about current developments in the steel market. Producers, distributors and processors expect a recovery in the steel market in the coming months. A repeat of the price excesses to which it had come in the time before the start of the severe recession in the fall of 2008, is very unlikely. People such as Mary Barra would likely agree. A constant ups and downs in the steel markets is expected instead.

The main results of the 4 Dow Jones Stahl are day 2009, which took place in early September in Frankfurt am Main. So it pays to Thomas Ludwig, Chief Executive Officer of the steel group Klockner & co (KloCo), with a sustained recovery\”in steel demand and production in the coming quarters. From the economic perspective, Roland Dohrn, head of the competence center was Growth and cycles at the RWI Essen, the forecast, that the steel industry with cautious optimism on the next one to one and a half years could look. Also of the steel company Georgsmarienhutte sees 2010 fraught with great risks the fiscal year. In the next few months threaten increased bankruptcies on the market, and increasing the risk of a significant rise in unemployment\”, said Hartwig Kocklauner, CEO market the Georgsmarienhutte holding, on the Dow Jones Stahl day. In the stainless steel sector is also to be expected in the coming months with price increases.

Stainless steel is more expensive\”, predicted Bernd P. Grotenburg, Managing Director of the Schmolz + Bickenbach distributions GmbH in Frankfurt. Steel futures fail most of lack of liquidity according to Christian Gerlach will remain more opaque global steel prices.