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Thyssenkrupp, steel
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.
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.
Germany's Thyssenkrupp pops 8% after narrowing net loss and booking $1 billion impairment charge
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via). Thyssenkrupp said its net loss of 1.5 billion euros in the fiscal year ending Sept.
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.
Nippon Steel vows to not import steel to U.S.
Nippon Steel Makes Anti-Import Vow to Win Over US Steel Workers
Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the iconic American company.
Nippon Steel not to import from overseas mills in bid to save U.S. Steel deal
Nippon Steel will not import steel to the U.S. from its international mills, the Japanese company's Executive Vice President Takahiro Mori said on Monday in a letter to United Steelworkers union members.
Nippon Steel makes anti-import promise to win worker support for US Steel deal
Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) is promising US Steel (NYSE:X) unionized workers that it would not send steel shipments from its overseas mills as part of its commitments to seal a $14.1B takeover of the American company,
1d
Chinese Steel Exports Are Booming But Here’s Why That Won’t Last
Unless Beijing rips up its current playbook and decides to re-inflate the housing market or splurge on infrastructure, then ...
Euronews on MSN
41m
Thyssenkrupp's steel division sees valuation slump as outlook remains gloomy
The unit has suffered from rocky economic conditions, fierce competition from Asian manufacturers, and a pressure to ...
E&E
42m
Market for ‘green steel’ and low-carbon cement is growing, DOE says
“The market for low-carbon materials such as green
steel
and low-carbon cement is growing,” said the report, published in ...
7h
This Robust EDC Knife Brings a Wild New Look to Damascus Steel
Civivi's eye-popping new Placoid is true to its unusual name, particularly in its most ambitious configuration.
Press Trust of India on MSN
3h
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 ...
4h
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 ...
2h
Tata Steel Share Price Live Updates: Tata Steel's stock update reveals decline
Join us on the Tata Steel Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock.
Dhaka Tribune
1h
SS Steel achieves record-breaking 2,407C revenue in FY24
SS
Steel
Limited, a prominent
steel
manufacturer in Bangladesh, has reported record financial performance for the fiscal ...
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