thyssenkrupp Delays Steel Division Spinoff Until 2022
According to the publication, thyssenkrupp saw its third-quarter steel sales hit €2.4 billion, up €1 billion compared to the prior year. The company also anticipates further increases in revenue as the effect of higher raw material prices begin to impact its longer-term contracts.
However, Industry Europe
reports that thyssenkrupp still views the spinoff of Steel Europe into an independent business as its best option for a sustainable future.
“A pure, independent steel company will have more opportunities to develop in a sustainable way,” said thyssenkrupp chief financial officer Klaus Keysberg, according to Industry Europe.
You can read Industry Europe’s
full article here