Following the announced reduction in its five steel mills, working hours in August, the German steel manufacturer ThyssenKrupp plans in September to continue through the reduction in working hours cut.
January of this year, ThyssenKrupp Bohanboen steel blast furnace on the 9th due to market weakness in the temporary closure of the original plan to restart in June, but market conditions do not improve delayed to October. ThyssenKrupp said the next few months, demand is likely to further weaken in 2013 the outlook is not optimistic, so Han Boen steel blast furnace restart time may be the next fiscal year (2012/10/1-2013/9/30) .
This fiscal year quarter (April-June), ThyssenKrupp's sales may ring than has been dropped, the fourth quarter is expected to be flat. In view of the slowdown in the European automotive industry, Thyssen Krupp estimated 2012 sales fell 8 percent. Despite the high-end car manufacturer has repeatedly emphasized the impact of the economic crisis is less than the ordinary car manufacturers, it is estimated that its profits could not be avoided will decline, and therefore is bound to impact on the upstream industry performance.
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