Thyssenkrupp’s Steel Europe unit weighs on year-end results
November 23, 2023 Comments Off
German industrial conglomerate Thyssenkrupp expects the challenging market environment to continue after it announced an impairment on its Steel Europe unit in its financial year ended Sept. 30, due to the high cost of capital and a “gloomy” economic situation in the sector. Thyssenkrupp also confirmed it was in “constructive and open-ended negotiations” with energy company EPH, own by Czech…
Thyssenkrupp’s Steel Europe unit weighs on year-end results
German industrial conglomerate Thyssenkrupp expects the challenging market environment to continue after it announced an impairment on its Steel Europe unit in its financial year ended Sept. 30, due to the high cost of capital and a “gloomy” economic situation in the sector. Thyssenkrupp also confirmed it was in “constructive and open-ended negotiations” with energy company EPH, own by Czech…
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