ThyssenKrupp (TYEKF.PK, TYEKY.OB) takes another writedown on the value of its Steel Americas...

|About: ThyssenKrupp AG (TYEKF)|By:, SA News Editor

ThyssenKrupp (TYEKF.PK, TYEKY.OB) takes another writedown on the value of its Steel Americas business, driving an unexpected quarterly loss but raising hopes the steelmaker is closer to a sale of the asset which has been a thorn in its side for years. Analysts say the move to cut the book value on Steel Americas to €3.4B from €3.9B shows it is ready to accept a lower price for a deal.