Tuesday, December 04, 2007
Steel giant ThyssenKrupp sees slower growth ahead
Yahoo! News
German steel group ThyssenKrupp on Tuesday reported a record net profit for its 2006-2007 fiscal year, but chief executive Ekkehard Schulz indicated later that growth could slow considerably this year.
He also forecast another "good year" for steel demand in 2008 but noted that demand for stainless steel was expected to cool slightly after record results in 2007.
German steel group ThyssenKrupp on Tuesday reported a record net profit for its 2006-2007 fiscal year, but chief executive Ekkehard Schulz indicated later that growth could slow considerably this year.
He also forecast another "good year" for steel demand in 2008 but noted that demand for stainless steel was expected to cool slightly after record results in 2007.
Labels: steel
