Americas write-down sends TK to loss in qtr.

May 15, 2013 | 12:54 PM | Elfi Middelbeek

Tags  ThyssenKrupp, Heinrich Hiesinger, Germany, Steel First, Elfi Middelbeek

LONDON — German steel producer and industrial manufacturer ThyssenKrupp AG reported a net loss attributable to its shareholders of €656 million ($843.6 million) for the quarter ending March 31, the company said May 15.

The company blamed the loss in its financial second quarter on impairment costs related to the continuing sale of its Steel Americas division, which has just taken a further write-down of €683 million ($887 million), it said.

The steelmaker reiterated that negotiations on the sale were continuing and confirmed that it "remained focused on signing a deal for Steel Americas promptly." ....





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