27
Apr
10:29
Emirates Steel negotiates thyssenkrupp stake acquisition: reports
Abu Dhabi-based steelmaker Emirates Steel Arkan (ESA) is in talks to acquire a stake in German conglomerate thyssenkrupp AG's steel unit, with a formal bid expected in months, Bloomberg reports.
No concrete developments are expected until after Miguel Ángel López Borrego takes over from the outgoing Martina Merz as thyssenkrupp chief executive on 1 June.
ESA would produce feedstock from renewable energy before shipping it to Germany where thysse…
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Anonymous
Very good overview of the weekly steel market.
Anonymous