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Thyssenkrupp steel feels the heat as European industry finds ...
Tue, 20 Oct 2020 03:53:00 GMT
German industrial giant Thyssenkrupp wants to sell its struggling steel business although what deal will be done remains uncertain. What is clear is that the steel business in Europe as a whole is

Liberty Steel makes non-binding offer for Thyssenkrupp steel ...
Fri, 16 Oct 2020 09:22:06 GMT
FRANKFURT Reuters - Privately-held Liberty Steel has made a non-binding offer for the steel unit of German conglomerate Thyssenkrupp (DE:TKAG), the group said on Friday. Liberty Steel is

Not a zombie Thyssenkrupp workers want fast steel rescue decision
Fri, 16 Oct 2020 00:00:00 GMT
The German government must swiftly decide on whether it is prepared to take a stake in Thyssenkrupps ailing steel business, one of the firms labour leader said, adding steel remained a vital product for the countrys car sector. Steel is anything but dead, Tekin Nasikkol, who chairs the works council of Thyssenkrupps steel unit and is on the conglomerates supervisory board, told Reuters - . I believe a government stake is the right response to the crisis. Nasikkol echoed a demand by IG

Liberty makes non-binding offer to acquire thyssenkrupp steel
Fri, 16 Oct 2020 00:00:00 GMT
Liberty Steel has made a non-binding indicative offer to acquire the steel unit of thyssenkrupp, the rapidly-expanding steel group confirms. The offer is supported by a number of financial institutions. Liberty says it wants to intensify the dialogue with thyssenkrupp and to engage in further due diligence to present a potential binding offer. With

Liberty Steel set to bid for Thyssenkrupp steel unit - source
Thu, 15 Oct 2020 21:22:04 GMT
FRANKFURT/DUESSELDORF Reuters - Privately-held Liberty Steel Group is set to make a bid for the ailing steel unit of Germany's Thyssenkrupp (DE:TKAG) as soon as Friday, a source close to

Government stake is one of several options - Thyssenkrupp CEO
Mon, 12 Oct 2020 11:22:27 GMT
DUESSELDORF Reuters - Thyssenkrupp (DE:TKAG) will consider all options, including the government taking a stake, in its plans to fix its ailing steel unit, Chief Executive Martina Merz said.

Thyssenkrupp pulls out of German steel fair over virus concerns
Wed, 09 Sep 2020 00:00:00 GMT
German steelmaker Thyssenkrupp has cancelled the groups attendance at major industry fair Wire & Tube in Germany amid unknown developments of the pandemic and infection risks, the company said Sept. 8. The event is due to be held Dec. 7-11 in Dsseldorf after already been postponed from March when the pandemic started to hit

Thyssenkrupp upbeat about B2B portal for distribution
Fri, 28 Aug 2020 00:00:00 GMT
One year after the launch of its B2B portal, Germanys largest steel distribution group thyssenkrupp Schulte gives a positive status report on its e-commerce activities. In the past six months, the number of registered customers has almost tripled,Kallanishhears from the company. Sales growth via the B2B portal also shows a positive upward trend, reaching

Thyssenkrupp steel unit aims for return to profit in fiscal year ...
Fri, 21 Aug 2020 16:22:04 GMT
FRANKFURT Reuters - Thyssenkrupp's (DE:TKAG) steel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the

Thyssenkrupp's distribution business sees more weak demand
Fri, 14 Aug 2020 00:00:00 GMT
Thyssenkrupps performance in the first nine months of its 2019/2020 fiscal year through September has been significantly impacted by the initial effects of the Covid-19 pandemic. As a result of temporary plant closures at customers, production in many areas came almost to a halt at the start of the third fiscal quarter through June.

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