TM Steel hopes to play key role in coming wave of sector mergers

"Distributors will push towards consolidation," predicts Tomasz Milas, president of the Polish Union of Steel Distributors (PUDS) and owner of TM Steel, an enterprise trading steel and scrap-metals. His company is rapidly expanding. In the nineties his turnover exceeded zł.80 million, but last year topped over zł.180 million. TM Steel is considering creating a joint-venture with a foreign partner. "I am interested in purchasing some companies that belong to Huta Stalowa Wola. But I see one problem - their book value argues with their real value," said Milas. Jan Kiszka, president of HSW, admits that this is not far from the truth. (Puls Biznesu, pp. 1, 9) M.M.