Steel Products
August 14, 2013
ThyssenKrupp “We are Not in Fire Sale Mode”
Written by John Packard
Written by: John Packard
ThyssenKrupp AG continues to be in heavy negotiations with the lead bidder (believed to be CSN out of Brazil) regarding the sale of the Steel Americas assets. The assets in question consist of both the Calvert, Alabama operation as well as the CSA slab mill which is located in Brazil. In the company earning’s call conducted earlier today, CEO Heinrich Hiesinger told analysts that the company is looking for a “solution for both plants” and that the company is not in a “fire sale mode.”
