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09 Aug
15:41

Steel businesses bring some relief to thyssenkrupp

When presenting its fiscal third-quarter figures (April to June 2018) Germany’s thyssenkrupp has had to concede that its group performance is not ideal. Two weeks ago, the group issued an adjustment to its annual forecast due to losses at its plant-building division, Industrial Services. Against that, its steel businesses benefited in particular from the sustained positive trend in the market cycle, leading to strong earnings contributions from both divisi…
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