ThyssenKrupp Hit by Wobbly Steel Market in Fiscal
ThyssenKrupp Hit by Wobbly Steel Market in Fiscal Second-Quarter 2012, Capital Expenditures Down From Last Year, an Industrial Info News Alert
SUGAR LAND, TX -- (Marketwire) -- 05/16/12 -- Researched by Industrial Info Resources (Sugar Land, Texas) -- International steel giant ThyssenKrupp AG (OTC:TYEKF) (Duesseldorf, Germany) reported sharp overall declines for the second quarter of the company's 2011-12 fiscal year, as a slight increase in orders from continuing operations failed to offset the effects of negative trends in the global steel industry, particularly the European debt crisis. The company reported a net loss of EUR 587 million ($749.44 million), compared with a EUR 233 million ($297.48 million) gain in second-quarter 2010-11.
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