Experts give positive update on Thyssenkrupp steel, reports Spiegel
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 24 2024
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Should l Buy ?
Source: Yahoo Finance
Financial Outlook for Thyssenkrupp's Steel Business: Independent experts have assessed that Thyssenkrupp's steel division has financial security for at least two years, despite recent challenges including a €1 billion write-down due to weak demand and competition.
Strategic Moves by Thyssenkrupp: The company is exploring a joint venture with Czech billionaire Daniel Kretinsky while also considering discussions with other steelmakers after unsuccessful attempts to sell the division in the past.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
