German powerhouse Thyssenkrupp books $1 billion impairment on struggling steel unit

By CNBC | Nov 19, 2024 at 02:21 AM EST

Thyssenkrupp of Germany reported a 1-billion-euro impairment on its steel division, leading to a 1.5-billion-euro net loss. The CEO highlighted the need for strategic decisions amid challenges in the sector and a push for better performance and green transformation.

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