Latest

Thyssenkrupp pauses steel production at two sites citing Asian pressure
Thyssenkrupp pauses steel production at two sites citing Asian pressure
Economy
by  AFP

Europe's largest steelmaker Thyssenkrupp is to pause steel production at two sites for about two weeks because of Asian competition, the German firm said Thursday, as the European Union considers tightening its steel tariffs. Hammered by exorbitant energy costs and cheaper Asian competition, Germany's steel industry has been mired in deep crisis for several years.