Thyssenkrupp will continue to implement its restructuring plan

CFO Klaus Keiberg said at a press conference that German steel mill Thyssenkrupp is still operating at "more than 60%" capacity, reiterating that there is no update on the joint venture or sale while negotiations are underway with unknown partners.

Thyssenkrupp did not elaborate on plans for the steel division, stressing only that management will negotiate with external partners. Keisburg also did not rule out a full sale of the division during the announcement of the company's financial statements for the third quarter of the fiscal year (April-June).

“After several weeks of a lot of speculation, there are still no comments today. We are negotiating keeping our options open, ”he said, answering the question about Thyssenkrupp’s full withdrawal from the steel business, saying:“ The opportunities are wide. -ranging ".

The sale of the elevator at the end of July improved Thyssenkrupp's overall position, but Keisberg stressed that the much-needed cash injections from the € 17.2 billion ($ 20.4 billion) sale would not last forever, and that the steel measures, in particular, will be "tough" ".

“Perhaps this is a difference from the past - the measures are more detailed,” said CFO Klaus Keisberg.

“We did worse than our colleagues, you have to admit that. The restructuring was belated, it should have happened earlier, ”Keisberg said.

Thyssenkrupp will continue to implement its so-called 20-30 restructuring plan, which involves staff reductions and investments to improve product portfolio and quality.