Thyssenkrupp forecasts return to profit on back of global recovery
Thyssenkrupp forecasts return to profit on back of global recovery German industrial group remains cautious as prices for raw materials remain high Tue, May 11, 2021, 12:01 Thyssenkrupp is shedding a further 12,000 jobs. Thyssenkrupp, the ailing German industrial group, expects to swing to its first annual adjusted profit in three years, thanks to a sharp increase in demand for steel and an economic rebound led by China. The recovery of the global auto market helped most of the Essen-based company’s major units record a rise in orders and sales, most notably at its beleaguered steel div...