Thyssenkrupp Elevator CEO on Industry Consolidation, Production

The transcript features an interview with Andreas Schierenbeck, CEO of Thyssenkrupp Elevator, discussing the impact of trade wars on the elevator industry. Schierenbeck explains that the local nature of elevator production mitigates the effects of trade tensions. He also addresses industry consolidation, the influence of rising steel prices, and strategic decisions involving Thyssenkrupp's steel business. The discussion concludes with insights into customer perceptions and the global presence of Thyssenkrupp Elevator.

Discuss the impact of rising steel prices on the elevator manufacturing process.

In what ways does Thyssenkrupp Elevator differentiate itself from its parent company in the eyes of customers?