Experts give positive update on Thyssenkrupp steel, reports Spiegel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2024
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Source: Yahoo Finance
Financial Outlook for Thyssenkrupp's Steel Business: Independent experts have assessed that Thyssenkrupp's steel division has financial security for at least two years, despite recent challenges including a €1 billion write-down due to weak demand and competition.
Strategic Moves by Thyssenkrupp: The company is exploring a joint venture with Czech billionaire Daniel Kretinsky while also considering discussions with other steelmakers after unsuccessful attempts to sell the division in the past.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
