Previous Close | 3.1000 |
Open | 3.2500 |
Bid | 3.0900 x 305200 |
Ask | 3.2500 x 46000 |
Day's Range | 3.1700 - 3.2500 |
52 Week Range | 3.1000 - 7.7500 |
Volume | |
Avg. Volume | 3,300 |
Market Cap | 1.973B |
Beta (5Y Monthly) | 1.90 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -4.3600 |
Earnings Date | Nov 19, 2024 |
Forward Dividend & Yield | 0.16 (5.09%) |
Ex-Dividend Date | Feb 05, 2024 |
1y Target Est | N/A |
Thyssenkrupp's steel division on Thursday said a planned direct reduction site to produce carbon-free steel, which is so far expected to cost around 3 billion euros ($3.3 billion), could be more expensive than previously thought. Thyssenkrupp Steel Europe (TKSE), Thyssenkrupp's steel unit in which Czech billionaire Daniel Kretinsky owns a 20% stake, said it currently assumed that the plant could start operations in 2027. TKSE said its management board had informed its parent Thyssenkrupp AG "about possible risks and resulting potential cost increases in the construction of the direct reduction plant at the Duisburg site".
IG Metall, Germany's most powerful union, expects talks to drag on over how to properly fund Thyssenkrupp's steel division once it is separated, one of its regional heads said, less than two weeks after the unit's leadership resigned. "Not this year," Knut Giesler, who heads IG Metall's branch in North Rhine-Westphalia, where Thyssenkrupp is based, told journalists when asked when critical questions around funding would be clarified. Thyssenkrupp Steel Europe (TKSE) and its parent are around 1.3 billion euros apart on the question over how much money the division needs to continue on a stand-alaone basis, a dispute that caused both the unit's CEO and chairman to resign at the end of August.
Thyssenkrupp's planned sale of its steel business is at risk over uncertainty following a leadership crisis at the unit, the head of the German conglomerate's works council said on Friday. His comments come after Thyssenkrupp Steel Europe (TKSE) said late on Thursday its chairman, chief executive and five other supervisory and management board members would leave, reflecting a deepening dispute over the steel unit's future.