Tag: ThyssenKrupp AG

Alabama stainless project downsized

ThyssenKrupp AG has announced plans to reduce its planned capacity at a unit of its Alabama stainless project by more than two thirds to help curb costs.

AK Steel takeover denied

ThyssenKrupp AG had denied that it was considering making a takeover offer for US-based competitor AK Steel Holding Corp.

ThyssenKrupp expects Mittal to honour Dofasco deal

ThyssenKrupp AG said it expects Mittal Steel to honour the agreement reached in January under which the German steel maker would acquire Arcelor’s recently acquired Dofasco in the event of a successful takeover of Arcelor by Mittal Steel.

ThyssenKrupp still eying Dofasco

German steelmaker ThyssenKrupp AG is reconsidering its proposed acquisition of Canadian steel company Dofasco Inc. as part of a new corporate strategy, a board member said 1 March 2006.

ThyssenKrupp hikes prices for SS products

ThyssenKrupp AG’s Acciai Speciali Terni unit will increase its base prices for cold-rolled stainless steel flat products in March by EUR 50 per metric tonne.

ThyssenKrupp agreement with Mittal Steel on Dofasc

The Executive Board of ThyssenKrupp AG has announced that ThyssenKrupp has signed an agreement with Mittal Steel Co. Ltd. Under this agreement, Mittal Steel offers ThyssenKrupp AG the opportunity to acquire Dofasco in the event of a takeover of Arcelor.

ThyssenKrupp may buy other assets

ThyssenKrupp AG, after bowing out of the bidding for Canadian steel producer Dofasco Inc., may seek to acquire other companies in North America to expand outside Europe, analysts said.

ThyssenKrupp takeover bid

The Executive Board of ThyssenKrupp AG has resolved to submit a friendly takeover bid for a 100% interest in the Canadian steel producer Dofasco Inc. at a cash price of CDN 61.50 per share.

ThyssenKrupp reorganized

In view of its size and the differences in market conditions and production flows, the steel operation of ThyssenKrupp is to be reorganized.

ThyssenKrupp sells EWK

The contract on the sale of Edelstahl Witten-Krefeld GmbH (EWK) to Swiss Steel AG, Emmenbrücke/Switzerland, part of the Düsseldorf-based Schmolz + Bickenbach group, has been signed.