08
Dec
00:00
Cost saving, Brazil mill improvement see Fitch boost ThyssenKrupp outlook
Credit rating agency Fitch has revised ThyssenKrupp's (TK) outlook from negative to stable. This is mainly because of an improvement at TK's Brazilian steel plant, CSA, and cost-saving measures elsewhere in the business.
This reflects TK's "strong market position in many of its segments, and its diverse business profile versus steel-focused competitors, with its capital goods business providing stability,” Fitch says in a report sent t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous