Steel News

We strive to let you one step ahead of the market.

ThyssenKrupp's net profit declines in H1 FY18-19

22 May 2019 16:11 reported by Joy Liu

A A A
ThyssenKrupp, a German steel manufacturer, reported its net profit totaling around 59 million euros in the first half of the fiscal year 2018-19 (as of March 31st), declining from 343 million euros in the same period a year ago.

The adjusted Earnings Before Interest and Tax (EBIT) decreased by 48% year on year to 440 million euros roughly. However, the firm’s sales revenue increased by 2% year on year to around 20 billion euros.

Besides, the shipments in the European steel sector dropped to 5.1 million tons from 5.6 million tons in the same period of last year, which was caused by a reduction in output due to lower water levels in the Rhine.

According to ThyssenKrupp, the EU safeguards have failed to restrict overall imports so far.

Back to Steel News

Related News

Canada surpasses Mexico to become largest trading partner of US

  • Finance and economy
  • 6 Jul 2020 14:00

Malaysian Ann Joo Resources experiences bigger losses in Q1

  • Finance and economy
  • 3 Jul 2020 11:58

EU reopens borders to 14 countries for economy regeneration

  • Finance and economy
  • 3 Jul 2020 11:32

IMF: Asian economy may need few years to resume

  • Finance and economy
  • 2 Jul 2020 16:26

Indian Tata Steel's Q4 earnings report performs well

  • Finance and economy
  • 2 Jul 2020 15:41

Metal Price Index

Learn more

LME Official Bid Price

  • Zinc
  • 2,037.50
  • 2,048.00
  • Aluminum
  • 1,593.00
  • 1,626.00
  • Copper
  • 6,112.00
  • 6,105.00
  • Nickel
  • 13,242.00
  • 13,308.00

Learn more

Coil Exchange Center

  • 2B Coil-Aug
  • 2,280
  • 2,140
  • NO1 Coil-Aug
  • 2,250
  • 2,110
  • 2B Coil-Aug
  • 2,280
  • 2,140
  • NO1 Coil-Aug
  • 2,250
  • 2,110

Learn more