13
Aug
13:02
Thyssenkrupp banks on steel production recovery
Thyssenkrupp Steel Europe plans to improve its capacity utilisation going forward, following painful losses in its third fiscal quarter through June.
During the earnings call of parent thyssenkrupp AG, chief financial officer Klaus Keysberg said the steel plants saw production dip -38% at the beginning of the Covid-19 lockdown. Utilisation has meanwhile recovered to between 60% and 70%, he told Kallanish upon request. The idled blast furnace at Hüttenwerke Kr…
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Anonymous
Very good overview of the weekly steel market.
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