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Steel News: ThyssenKrupp

ThyssenKrupp business headlines and news reports


Order blocking permit for ThyssenKrupp Brazil mill lifted
Thu, 22 Sep 2016 19:38:00 +0100
Such complaints led to Cia Siderurgica do Atlantico signing an adjustment of conduct ... This year, Vale SA, which owned 27 percent of the mill and had a long-term iron-ore supply contract, sold its stake to ThyssenKrupp for a token amount.
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=8791F62ECFA54DA49F96C67DA50B78E5&url=http://www.reuters.com/article/us-thyssenkrupp-brazil-csa-idUSKCN11S2J3&c=1720999822579325975&mkt=en-gb


Tata Steel merger worries workers with a precedent The National ...
Wed, 14 Sep 2016 11:39:47 +0100
The European arm of India's Tata Steel is in talks to combine with Germany's ThyssenKrupp. Unions fear if it goes ahead, thousands will lose their jobs as plants ...
http://www.thenational.ae/business/economy/tata-steel-merger-worries-workers-with-a-precedent


Thyssenkrupp profit drops 34% on steel prices - MarketWatch
Thu, 11 Aug 2016 08:09:08 +0100
FRANKFURT--German industrial conglomerate Thyssenkrupp AG reported a 34% slide in net profit for the third quarter of its fiscal 2016, weighed down by drops in global steel and material prices from a year ago. Net profit for the period ended June 30 ...
http://www.marketwatch.com/story/thyssenkrupp-profit-drops-34-on-steel-prices-2016-08-11


Price dip raises questions over steel recovery - Financial Times
Thu, 28 Jul 2016 16:54:00 +0100
Financial Times - - Low prices weighed heavily on European producers, such as ArcelorMittal, ThyssenKrupp and Tata Steel Europe, which put its lossmaking UK arm up for sale earlier this year. Recently, though, there have been signs of improvement: since touching a low of ...
http://www.ft.com/cms/s/0/6d675e32-532d-11e6-befd-2fc0c26b3c60.html


Steelmaker Gets Respite on $2.3 Billion Credit Talks, BNDES Says
Thu, 14 Jul 2016 12:51:00 +0100
Usiminas's press office, Bradesco and Banco do Brasil declined to comment and Itau didn't immediately ... Usiminas's joint controlling shareholders Techint-Ternium group and Nippon Steel & Sumitomo Metal Corp. have been engaged in a long-standing ...
http://redirect.viglink.com?u=http://www.bing.com/news/apiclick.aspx%3Fref%3DFexRss%26aid%3D%26tid%3D9446E522CF4246CBAC0A3AF524D69DC9%26url%3Dhttp%253A%252F%252Fwashpost.bloomberg.com%252FStory%253FdocId%253D1376-OA9B5I6JTSEQ01-10R5BCQFU8SPV24Q66SHHRVQVP%26c%3D6633697165754675057%26mkt%3Den-gb&key=ddaed8f51db7bb1330a6f6de768a69b8


Warning that Welsh steel industry could be 'hoovered up' and closed ...
Wed, 13 Jul 2016 11:36:21 +0100
The UK Government has been warned that a merger of Tata Steel's European operations with Germany's ThyssenKrupp could lead to the closure of the Welsh sites. MPs laid bare the scale of their concerns about the challenges facing the industry in Wales in ...
http://www.walesonline.co.uk/news/politics/warning-welsh-steel-industry-could-11607475


Tata says global steel industry 'vulnerable' - BBC News
Mon, 11 Jul 2016 16:46:33 +0100
The global steel industry is 'very vulnerable' because of a huge oversupply problem, a Tata Steel executive has told the BBC. Last week, Tata Steel said it was in joint venture talks with Germany's Thyssenkrupp. Koushik Chatterjee, group executive for ...
http://www.bbc.co.uk/news/business-36762311


Tata Steel UK: going, going...still going - Livemint
Sun, 10 Jul 2016 15:34:29 +0100
ThyssenKrupp's interest in a European JV with Tata Steel was known, although it did not include the UK. On the brighter side, steel prices too have recovered since end-March, and the UK business may even be profitable now. Tata Steel's Indian investors ...
http://www.livemint.com/Money/fUI1A2zOkLMpH6n5fdYcBI/Tata-Steel-UK-the-saga-continues.html


ThyssenKrupp defends merger talks with Tata Steel in Europe
Sun, 10 Jul 2016 07:19:00 +0100
German conglomerate ThyssenKrupp on Saturday defended merger talks with Indian rival Tata Steel saying the consolidation of the sector in Europe was necessary due to the difficult economic situation. ......
http://article.wn.com/view/2016/07/10/ThyssenKrupp_defends_merger_talks_with_Tata_Steel_in_Europe/


Tata Steel in talks for possible joint venture in UK
Sat, 09 Jul 2016 00:45:27 +0100
BENGALURU: Tata Steel Limited said on Friday it was in talks with potential strategic partners in the steel industry, including Thyssenkrupp AG, to explore a potential joint venture for its UK business. However, the company said the talks were currently at a preliminary stage and there could be no certainty of a transaction as the outcome depends on consultation and negotiations with various stakeholders.
http://redirect.viglink.com?u=http://www.topix.com/business/steel/2016/07/tata-steel-in-talks-for-possible-joint-venture-in-uk%3Ffromrss%3D1&key=ddaed8f51db7bb1330a6f6de768a69b8


ThyssenKrupp Elevators And KONE Could Merge In The Near Future - ...
Thu, 02 Jun 2016 14:59:59 +0100
Seeking Alpha - - When people think about ThyssenKrupp they usually think about steel production since it is the majority of their business. However at the moment the elevator business is more valuable for the company if you consider cash flow and earnings. The elevator ...
http://seekingalpha.com/article/3979398-thyssenkrupp-elevators-kone-merge-near-future


ThyssenKrupp cuts profit estimates as steel glut weighs on prices ...
Tue, 10 May 2016 12:35:49 +0100
Germany's largest steelmaker ThyssenKrupp has cut its profit forecast as record Chinese exports have led to a global glut of steel and pushed prices lower. The German industrial conglomerate lowered its underlying earnings forecast for 2016 to a ...
https://www.theguardian.com/business/2016/may/10/thyssenkrupp-cuts-earnings-estimates-profit-steel-glut-china-imports


Thyssenkrupp wants active role in any steel mergers - Reuters UK
Fri, 15 Apr 2016 13:13:50 +0100
- Thyssenkrupp is Europe's third-biggest steel producer after ArcelorMittal and Tata Steel (TISC.NS). A combination of Thyssenkrupp's steel division with Salzgitter might be politically preferable but Salzgitter's CEO has repeatedly ruled out mergers ...
http://uk.reuters.com/article/uk-thyssenkrupp-steel-idUKKCN0XC1DW


Vale confirms sale of CSA steel plant stake to ThyssenKrupp
Mon, 04 Apr 2016 16:42:00 +0100
Vale (NYSE:VALE) says it will sell its entire 26.87% stake in the CSA steel plant to ThyssenKrupp (OTCPK:TYEKF) for a symbolic price, confirming a report on Friday which said the Brazilian iron ore miner was planning to exit the venture. Vale says it ...
http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=5C73498DC50E48DD9E946DE99C7EF70D&url=http://seekingalpha.com/news/3171393-vale-confirms-sale-csa-steel-plant-stake-thyssenkrupp&c=5OyDXtdzPRoeXWA8kkTI2pIiNWv_oeBrsJJxTNUcLJI&mkt=en-gb



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