The largest German steelmaker ThyssenKrupp announced that sales of the European business sector fell. Sales were low in the third quarter of 2016 due to weak global economic growth. The Brexit of the United Kingdom and the US elections increase the uncertainty of the global economic market.
Global steel overproduction has weakened sales in Europe quite a bit, and EU anti-dumping measures on steel imports continue to face great pressure. ThyssenKrupp's European sector is currently under the influence of steel imports in its traditionally low season for business orders.
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