ThyssenKrupp May Abandon Steelmaking in CEO’s Second Term
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Germany’s largest steel producer may abandon its roots as it reshapes its strategy after emerging from the global economic slump and investments in the Americas that fueled losses for three consecutive years.
ThyssenKrupp AG, based in Essen in Germany’s industrial heartland, may give up making the metal it has forged in its Ruhr region home for two centuries to focus on elevators and car components, investors and analysts said.