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ThyssenKrupp (TYEKF.PK) is considering selling its two-year old $5B high-tech steel plant in...

ThyssenKrupp (TYEKF.PK) is considering selling its two-year old $5B high-tech steel plant in Alabama and its $6.8B facility in Brazil after a strategy to transport slabs from the latter facility for processing into high-grade sheets in the U.S. factory led to massive losses. Those officially or unofficially interested in the Alabama plant include Nucor (NUE), U.S. Steel (X) and ArcelorMittal (MT).
Comments (1)
  • gausmus
    , contributor
    Comments (102) | Send Message
     
    With U.S. production at a 20 month low, capacity has to exit.
    2 Oct 2012, 06:54 AM Reply Like
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