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12 Feb
13:50

thyssenkrupp steel deliveries dip in first fiscal quarter

thyssenkrupp saw year-on-year declines in volumes and profit at both of its steel divisions, tk Steel (production) and tk Materials Services (distribution, trading) in the first quarter of its fiscal year, commencing 1 October. Looking forward, ceo Guido Kerkhoff remains cautious, but tells Kallanish that signals of resurging demand from carmakers are in evidence. Despite being separately-managed businesses, both divisions experienced a coincidental y-o-y fall i…
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