Monday, February 14, 2005
ThyssenKrupp Net Income Almost Triples on Steel Price
Bloomberg.com: Germany
ThyssenKrupp AG, Europe's fourth- largest steelmaker, said profit almost tripled in the fiscal first quarter as the company sold more steel at higher prices.
Demand for ThyssenKrupp's products, which range from extra- light steel for car bodies to elevators, has ``notably increased in an overall favorable economic environment,'' ThyssenKrupp said in the statement. ``The boom on the international steel market will continue this year.''
ThyssenKrupp AG, Europe's fourth- largest steelmaker, said profit almost tripled in the fiscal first quarter as the company sold more steel at higher prices.
Demand for ThyssenKrupp's products, which range from extra- light steel for car bodies to elevators, has ``notably increased in an overall favorable economic environment,'' ThyssenKrupp said in the statement. ``The boom on the international steel market will continue this year.''
