Thyssenkrupp books $1 billion impairment on struggling steel unit
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Shares of Germany’s Thyssenkrupp jumped on Tuesday after the company posted a narrowed net loss and a 1-billion-euro ($1.06 billion) impairment on the firm’s struggling steel division. The company’s Frankfurt-listed stock was up 7.5% at 8:48 a.m. London time.
