Germany’s Thyssenkrupp returns to profit on India sale, but Europe’s steel woes persist

Quick Summary:

The German industrial giant returned to profit after six quarters of losses—thanks to an India sale—even as its steel division posted a major loss.

He confirmed the full-year outlook, which forecasts a return to profit of between 100 million and 500 million euros after two years of losses.

The group warned, however, that the rest of the year would be "characterised by uncertainties about future global economic growth".

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United StatesGermanyIndia

Topics: Donald Trump Tariffs LondonWires ThyssenKrupp Fortune 500 Europe Manufacturing Steel

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 10:00:57 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 4 lines

Sentence Length: 83 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28728026

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