Steel Price Rise Not Enough to Meet Thyssenkrupp’s Target
52:22 - Thyssenkrupp AG, Germany’s largest steelmaker, swung to a net loss in the fiscal first quarter as the steel industry tries to weather a drop in prices wrought by record Chinese exports.The net loss was 23 million euros ($26 million) in the three months through December compared with net income of 50 million euros a year earlier, the Essen-based company said Friday in a statement. Thyssenkrupp CFO Guido Kerkhoff told Bloomberg’s Manus Cranny on “Countdown” he doesn’t see “any more windfall losses currently” in steel business.
Cameron and Merkel Head to Hamburg
European Bank Rout Deepens
Do Markets Worry Too Much About Inflation?
Please upgrade your Browser
Your browser is out-of-date. Please download one of these excellent browsers: