Dr. Heinrich Hiesinger elected to Executive Committee of the World Steel Association

Düsseldorf, (PresseBox) - Dr. Heinrich Hiesinger, Chief Executive of ThyssenKrupp AG, has taken a seat, like his predecessor, on the Executive Committee of the World Steel 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.

thyssenkrupp AG

ThyssenKrupp is a diversified industrial group. It has around 180,000 employees in over 80 countries developing ideas and innovations into solutions for sustainable progress. In fiscal year 2009/2010 ThyssenKrupp generated sales of more than €42 billion.

For us innovations and technical progress are key factors in managing global growth and using finite resources in a sustainable way. With our engineering expertise in the areas of "Material", "Mechanical" and "Plant", we enable our customers to gain an edge in the global market and manufacture innovative products in a cost and resource efficient way.

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