Thyssenkrupp warns US tariffs could prompt flood of cheap Chinese steel to Europe

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Financial Times 13h ago

Thyssenkrupp warns US tariffs could prompt flood of cheap Chinese steel to Europe - Financial Times

Quick Summary:

Over the past two years, Thyssenkrupp has slashed the value of its steel unit by €3bn through a series of writedowns.

The company developed plans to list a minority stake in the business after US private equity group Carlyle in October withdrew its interest in a partial takeover.

European steelmakers last year called on EU regulators to take action over cheap Chinese imports as prices fell below the cost of production amid elevated energy costs in the region.