Broken economy among Zimbabwe's first challenges - ThyssenKrupp-Tata Steel merger threatens jobs - Bugs in a bun: are insect burgers the future?
Better than expected business in its material services and elevators unit have helped the German steelmaker beat full-year earnings forecasts, despite a net loss related to the sale of a steel mill in Brazil.
German engineering group ThyssenKrupp's plans to restructure its steel division have stoked fears of potential job losses and sparked labor protests. The firm's troubles mirror those of the worldwide steel industry.
German heavy industry giant Thyssenkrupp has posted better-than-expected third-quarter results. The very division that's been causing the company the biggest headache of late is behind the upswing.
Germany's biggest steelmaker has reported a falling net profit for its fiscal year ended September, weighed down by massive overcapacity in the industry and cheap exports of subsidized Chinese steel.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version