Ministry considers joint board for two biggest steel mills

The Economy Ministry is considering the possibility of appointing a common board of management for the two biggest Polish steel mills, Huta Katowice (HK) and Huta Sendzimira (HTS). The appointment of a single board of management for the two mills may be a first step towards their consolidation and the creation of steel conglomerate Polskie Huty Stali (PHS). No decision has been taken on who will manage the two steel mills, although former Stalexport president Jerzy Podsiadlo has been mentioned in industry circles as a candidate to head PHS. "Cooperation on key issues should bring measurable economic benefits for both steel mills. That's why we asked HTS to work with us," said Andrzej Capiga, president of HK. He went on, "The first benefits of our cooperation are already visible, in the contract for the delivery by HK of ingots to HTS." (Puls Biznesu, p. 9) P.W.