In latest twist, ThyssenKrupp reportedly may keep Brazil mill

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

ThyssenKrupp (TYEKY.OB, TYEKF.PK) is considering keeping its unprofitable Brazilian steel mill but selling its Alabama plant to Brazil's SID, which also would agree to purchase 3M tons/year of steel from the Brazilian mill, WSJ reports.

Other options remain on the table, including a joint bid by ArcelorMittal (MT) and Nippon Steel (NSSMY.PK).

Cleaning up the Steel Americas mess tops the to-do list at the German company, which has written down the value of the two plants by $10.7B since 2010.