Germany's struggling Thyssenkrupp books $1 billion impairment charge as steel demand weakens
Thyssenkrupp said its net loss of 1.5 billion euros in the fiscal year ending Sept. 30 — after deducting minority interest — was mainly due to asset impairments totaling around 1.2 billion euros. CEO Miguel Lopez said the current fiscal year will be one of "decisions" as the firm continues talks for its steel unit to form a joint venture with Czech billionaire Daniel Krentisky.
Thyssenkrupp takes fresh $1 bln impairment on steel division
Thyssenkrupp on Tuesday said it took a fresh 1 billion euro ($1.06 billion) impairment on its struggling steel division, citing the sector's deteriorating outlook as well as future investments needed to decarbonise production.
Thyssenkrupp in €1bn writedown of steel business as demand slumps
The upheaval at Thyssenkrupp, which has since appointed new steel leadership, has unsettled German authorities. Berlin and local authorities have together pledged €2bn to support the company’s decarbonisation efforts, a critical step in developing a hydrogen market for Europe’s largest economy.
German powerhouse Thyssenkrupp books $1 billion impairment on struggling steel unit
Germany's Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged "gloomy volume" expectations and structural challenges in the sector.
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Its next update will be on Tuesday. From left to right, Rep. Michelle Steel, R-Seal Beach, is running against Democrat ...
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Govt working to address issues related to steel imports: Kumaraswamy
The government is working to address the issues related to steel imports, Union Steel Minister H D Kumaraswamy said on ...
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Medieval open-world fantasy RPG Of Ash and Steel announced for PC
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Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal
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