German conglomerate Thyssenkrupp has cut its 2026 sales forecast, warning that weakening demand in both steel and automotive will likely drag revenue down by as much as 3%. The company points to broader economic slowdowns across Europe and is in the middle of restructuring its operations, signaling tougher times for industrial demand going forward.
Thyssenkrupp AG and Jindal Steel International have paused discussions on selling a stake in Thyssenkrupp’s steel unit. The companies said the deal assumptions have changed, pointing to restructuring momentum at the steel business and a more favourable regulatory environment in Europe. That creates better growth prospects even as energy costs remain high.
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