Thyssenkrupp looking to sell share in steelmaking unit, sources say

German steelmaker Thyssenkrupp is seeking a partner to consolidate its loss-making steel business, sources told Fastmarkets on Monday May 18.

The company was reported to have started negotiations with a number of companies over the sale of a share in its steel business.
Thyssenkrupp neither confirmed nor denied this information.
“No further comment at this moment,” a spokesperson for Thyssenkrupp said on May 18.

ThyssenKrupp is in talks with Sweden’s SSAB, China’s Baoshan Iron & Steel (Baosteel) and Tata Steel Europe...

Published

Maria Tanatar

Julia Bolotova

May 18, 2020

17:13 GMT

London, Dnepr