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Struggling steel giant Thyssenkrupp's shares slump after profit hit
Struggling steel giant Thyssenkrupp's shares slump after profit hit
Economy
by  AFP

Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan. Once a symbol of German industrial might, Thyssenkrupp has suffered as high costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.