Germany's second-largest steelmaker Salzoitter is not interested in an alliance with rival Thyssenkrupp. Chief Evecutive Heinz loera Fuhrmann disclosedi"We currently do not see any scenario that would improve our situation compared with independence."Fuhrmann said on Mondav. "We would first have to dismantle ourselves. or allow ourselves to be dismantled.No sensible person in the company would ao along with that here."Thyssenkrupp said last month its steel unit faced operating losses of 1 billion euros ($1.18 billion) this year.raisino nressure on it to fix or sell the division with Salzoitter seen as one of several notential future partners.The expected loss at Thyssenkrupo Steel Europe, the continent's No.2 plaver after ArcelorMittal. comes as the sector suffers from chean Chinese imnorts hioh raw material prices and weak automotive demandFuhrmann said those who supported the idea of the creation of a German steel champion did not understand the industry, noting that the real champions of the sector were active worldwide and five times as bia as the nronosed German mergerHe said calls for a merger took a short-term view, adding that Salzgitter was not under pressure despite the COVID-19 crisis. noting that the aroup has almost tripled its sales since becomino independent in 1998 and.doubled its workforce"We have worked our way up from a catastrophic situation in the second quarter to a bad situation," he said, addino the firm's steel production could fall by more than 10% this vear and the touah climate could last into the first quarter of 2021.