Higher steel prices boost Thyssenkrupp amid supply chain strains
Thyssenkrupp (TKAG.DE) said on Thursday that operating profit rose nearly fivefold in its first quarter, as its two biggest divisions – steel and materials trading – benefited from significantly higher steel prices.
Betting on hydrogen hype, Thyssenkrupp eyes $687 mln in IPO cash
Thyssenkrupp’s (TKAG.DE) electrolysis business is aiming for proceeds of up to 600 million euros ($687 million) by selling new shares in a possible initial public offering this year, betting on the $130 billion hydrogen sector it supplies
Thyssenkrupp’s profit to double in 2022, flags hydrogen IPO
Thyssenkrupp’s (TKAG.DE) operating profit could more than double next year, the submarines-to-steel group said on Thursday, boosted by an economic recovery and turnaround that will likely include listings of its hydrogen and steel divisions.
MARKETMIND The price of U.S. recovery
One way or another, Wednesday’s U.S. July inflation print could prove key for markets torn between strong data that suggests the time for withdrawing stimulus is nearing and concern that a resurgent delta COVID variant could stall growth.
