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Thyssenkrupp to Cuts Steel Output as Coronavirus Crisis Hits Demand

Steel News - Published on Fri, 03 Apr 2020

Image Source: economictimes.indiatimes.com
Reuters reported that Germany’s largest steelmaker Thyssenkrupp is cutting steel output and staff will work shortened hours as the coronavirus crisis is hitting the steel sector. Thyssenkrupp spokesman said “In light of the economic impact as a result of the corona crisis we are adjusting our production chain. This includes blast furnaces as well as processing.”

He said further production cuts were possible, not providing specific numbers. Staff working in production and administration will work reduced hours, the spokesman said, adding that process would start in mid-April and take until early May.

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Posted By : Rabi Wangkhem on Fri, 03 Apr 2020
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