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11 May
16:47

Thyssenkrupp lifts March-quarter steel orders, reports loss

Thyssenkrupp Steel Europe reported a 9% on-year increase in order intake in its second fiscal quarter through March to €3.7 billion ($4 billion), Kallanish hears from the company. The increase is attributed to significantly higher order volumes, especially from the construction sector and the automotive industry. By contrast, orders from the energy sector and domestic appliance industry declined. Tonnages ordered saw a “significant increase” …
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