Veteran steel trader Klaus Abstoss dies

Aug 29, 2013 | 11:07 AM |

Tags  Klaus Abstoss, Thyssen, ThyssenKrupp, Abstoss Steel Holding, Habag, steel, steel trading

LOS ANGELES — Klaus J. Abstoss, a veteran of nearly 50 years in steel trading with the former Thyssen AG and later with his own company, has died in a drowning accident.

Services were held this past weekend for Abstoss, 68, president of Abstoss International Steel Holding Inc., Greenwich, Conn., widow Renate Abstoss told AMM this week.

Abstoss was found Aug. 21 in the family swimming pool in Greenwich, a Greenwich Police Department spokesman said. The state office of the chief medical examiner has made a preliminary determination of accidental drowning.

Abstoss joined Thyssen (now ThyssenKrupp AG) in the former West Germany in 1964, moving to the United States in 1968 and arriving in Los Angeles in 1972 at the dawn of what some people now describe as the heyday of European steel trading activity in the United States. He headed the Los Angeles office until 1983, when he was named to direct Thyssen’s Habag GmbH trading unit. He left that subsidiary in 1989, eventually forming his own company.....

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