ThyssenKrupp Faces Financial Challenges, Focuses on Green Steel Transition
ThyssenKrupp reported a loss of 1.4 billion euros for the year, slightly better than the previous year’s 2 billion euro loss. CEO Miguel Lopez remains optimistic, emphasizing the need for a solution in the struggling steel division. Plans for a business strategy involving increased stakes from investor Daniel Kretinsky are underway, while the company pushes for a green steel initiative supported by a 2 billion euro government fund. Despite optimism for green transformation, concerns over job security in the steel sector remain unaddressed.