in duisburg germany steel recently launched a pioneering project the use of hydrogen in its blast furnace instead of the usual coal dust is part of just encrypts effort to acquire green credits by making it steel production more climate friendly it aims to reduce c o 2 emissions by at least 80 percent by 2050 but that requires investment and to some group is undergoing the biggest crisis in its history the surge of cheap steel from china has marked recent years with losses and high debt the board is currently being restructured to say now plans to list all or part of its elevator division. elevator is one of the company's most profitable business areas analysts put its value at 12 to 17000000000 euros a number of potential buyers have reportedly joined forces to bid for it. to some group says it intends to concentrate more on the steel business and streamlined it to be more profitable and that means cheaper production and it means layoffs at present to employees around $160000.00 people worldwide. all right for more let's bring in our financial correspondent in frankfurt conrad what went