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Tag: steelmaking
ThyssenKrupp May Abandon Steelmaking in CEO's Second Term
2014-10-07 15:16:31| Steel - Topix.net
Germany's largest steel producer may abandon its roots as it reshapes its strategy after emerging from the global economic slump and poor investments in the Americas that fueled losses for three consecutive years. ThyssenKrupp AG , based in Essen in Germany's industrial heartland, may give up making the metal it has forged in its Ruhr region home for two centuries to focus on elevators and car components, investors and analysts said.
Tags: second
term
abandon
ceos
Severstal Completes Sale of Steelmaking Assets
2014-10-02 01:06:32| Steel - Topix.net
Severstal has completed the sale of its Columbus and Dearborn facilities to Steel Dynamics and AK Steel. The move marks the exit of Russia's Severstal from North American steel production.
Tags: sale
assets
completes
steelmaking
Indebted steelmaking giant POSCO drafts restructuring plan to bolster finances
2014-04-29 23:28:48| Steel - Topix.net
South Korean steelmaking giant POSCO, hit by rising debts and three years of profit declines, said on Tuesday that it is drafting a restructuring plan to bolster the group's financial standing.
Tags: plan
giant
finances
restructuring
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