TK loss soars on Steel Americas write-down

Dec 11, 2012 | 01:27 PM | Chris Prentice

Tags  ThyssenKrupp, Steel Americas, Calvert, flat-rolled steel, steel companies, earnings, Heinrich Hiesinger, Olaf Berlien Jurgen Claassen

NEW YORK — ThyssenKrupp AG has listed Steel Americas as a discontinued operation, taking a €3.6-billion ($4.7-billion) write-down on the assets as the company’s overall net loss soared to €4.67 billion ($6.07 billion) in its fiscal year ended Sept. 30 from a €1.29-billion loss the previous year.

The Essen, Germany-based steelmaker said it had taken the €3.6-billion impairment charge on its Steel Americas operations "due to the advanced status of the sale process for the plants in Brazil and the U.S." ....

Latest Pricing Trends


Are you stocking more inventory today than 18 months ago?


View previous results