Enterprise insiders are likely to be a less promising source of new ideas and have less capability to provide investment funds. World experience suggests the importance of openness to new, outside models and ideas in fostering economic development. Evidence from developments in the Czech Republic, Hungary and Poland, while not conclusive, indicates that the nature of enterprise restructuring varies by ownership form, and that outside ownership may promote deeper restructuring. Assessing the structure of Central and East European steel industry ownership today, it is perhaps fair to say that not only does the current structure largely exclude third parties with technical and distribution capability, but also that the ownership structure is still extremely nationalistic. Banks tend to be domestic banks.
Distributors tend to be national distributors.
Suppliers tend to be local or national providers of energy or raw materials. Other common owners are local authorities. More speculative investors tend to be national rather than international investment funds. The nature of the industry's ownership is thus still too highly insider-oriented, which is likely to contribute to restructuring too often being insufficiently deep. So, there remain still key impediments to the restruturing of the CEE steel industry.