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Steel unit boosts Thyssenkrupp's Q1 profit ahead of Tata Steel tie-up
Add BT as a preferred sourcePublished Wed, Feb 14, 2018 · 09:50 PM
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Frankfurt
GERMAN industrial and technology group Thyssenkrupp said on Wednesday that first-quarter operating profit rose by more than a third, boosted by a recovery at its steel unit, which is to be merged with Tata Steel's European operations.
Operating profit at Thyssen-krupp's Steel Europe division rose nearly six times to 160 million euros (S$261 million) due to improved prices that also led Tata Steel and market leader ArcelorMittal to post strong results in recent weeks.
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