PHS and Stalprodukt to sign new trade agreement

In the next few days, Stalprodukt is to sign a trade agreement with Polish Steel Mills (PHS). The two companies are forced to co-operate - as the former is a huge steel distributor and PHS is the country's largest producer - despite a fierce fight for control of Stalprodukt, in which PHS holds a 35% stake but still has less influence on decision making than Stalprodukt's shareholders, centered around the company's management. The conflict is unlikely to be resolved soon, though Stalprodukt President Andrzej Dobosz expects growth in the company's revenues of 3% to 3.5% - to around zl. 530 million. The planned deal with PHS will concern products from Huta Sendzimira Steel Mill. (Puls Biznesu, p. 4) K.Z.