It is learned that the German steel giant ThyssenKrupp recorded a loss of €1.2 billion euro in the first three quarters of this fiscal year, down by 23% compare to loss of €0.98 billion in the same period last year.
The main reason is by the deficit caused by the Steel America’s mill in USA and Brazil.
However, the company informed that the negotiation with a bidder of the two mills in the US and Brazil is going very smoothly.
Besides, the company also said that the performance of their balance just achieves their strategic objectives for both the third quarter and first 9 months for the fiscal year 2012-2013.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=65859&division=A6
