if you don't your financial correspondent charles the delay is in frankfurt for us
chelsea the steel business has been tough for quite some time prices are low it's
difficult to make
a profit what does liberty see interest. it's true that it's very
much
a difficult time to be any steelmaker even before coronavirus every european
still maker was really struggling with overcapacity in the industry the cost of
transitioning to more climate friendly production as well as these trade tensions
between the e.u. with the us the e.u.
and china all of these. problems have really impacted the industry as well so what
we've seen is really
a push for consolidation in the industry and this is really what liberty is looking
for and his encrypt is that together they might be
a stronger competitor and this really difficult market right now. has tried to sell
off this business before
a merge merge it's still business and they really pointed to the benefits the cost