BREAKING NEWS

BREAKING NEWS

Germany steel giant returns to profit

Now Reading:

Germany steel giant returns to profit

Text size Aa Aa

Germany’s biggest steel maker ThyssenKrupp has recorded its first quarterly profit in a year.

The pre-tax profit of 237 million euros was more than four times market forecasts.

But ThyssenKrupp warned recovery from last year’s slump would be slow, with customers buying mainly to restock inventory rather than in response to rising demand.