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ThyssenKrupp May Abandon Steelmaking in CEO's Second Term

2014-10-07 15:16:31| Steel - Topix.net

Germany's largest steel producer may abandon its roots as it reshapes its strategy after emerging from the global economic slump and poor 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.

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Severstal Completes Sale of Steelmaking Assets

2014-10-02 01:06:32| Steel - Topix.net

Severstal has completed the sale of its Columbus and Dearborn facilities to Steel Dynamics and AK Steel. The move marks the exit of Russia's Severstal from North American steel production.

Tags: sale assets completes steelmaking

 
 

Indebted steelmaking giant POSCO drafts restructuring plan to bolster finances

2014-04-29 23:28:48| Steel - Topix.net

South Korean steelmaking giant POSCO, hit by rising debts and three years of profit declines, said on Tuesday that it is drafting a restructuring plan to bolster the group's financial standing.

Tags: plan giant finances restructuring

 

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