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11 Feb
14:58

Thyssenkrupp Steel December-quarter shipments, profitability improve

Thyssenkrupp Steel Europe’s performance was slightly positive in the December quarter and saw an increase in tonnage ordered. The unit of thyssenkrupp AG recorded an Ebit of €20 million ($24m), against an operating loss of €127m suffered in the corresponding prior-year period. This was largely due to recovery trends in the steel market and shipments increasing to 2.4 million tonnes from 2.05mt a year earlier. The rise was due to the automotive sect…
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