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

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.
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