ThyssenKrupp postpones announcement

The creation of the world’s largest steel maker became a possibility this week. German steel and engineering group ThyssenKrupp postponed an announcement about its pending share offer amid rumours that it plans to merge its steel business with Usinor of France. ThyssenKrupp insists it is going ahead with the share offer, despite a slide in […]

The creation of the world’s largest steel maker became a possibility this week. German steel and engineering group ThyssenKrupp postponed an announcement about its pending share offer amid rumours that it plans to merge its steel business with Usinor of France. ThyssenKrupp insists it is going ahead with the share offer, despite a slide in its share price in recent months. If the merger were to take place, the resultant company would have an annual output of around 33 million tonnes.