Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are...

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

Final offers for ThyssenKrupp's (TYEKF.PK) steel plants in Brazil and Alabama reportedly are well below expectations, as the German steel maker enters the final stretch of a long sales process. A deal could be announced as early as April, but likely will trigger a further writedown of ~$1.3B because the bids are far below the current $5B book value of the plants.