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Stock impact report

Thyssenkrupp second-quarter operating profit up on steel recovery [CNBC]

Arcelor Mittal NY Registry Shares NEW (MT) 
Last arcelor mittal ny registry shares new earnings: 2/6 01:00 am Check Earnings Report
US:NYSE Investor Relations: corporate.arcelormittal.com/investors
Company Research Source: CNBC
show chapters German technology and industrial conglomerate Thyssenkrupp on Tuesday posted a 17-percent increase in its second-quarter operating profit, helped by a recovery in steel prices that has already benefited larger rival ArcelorMittal . The group, which makes everything from submarines to chemical plants, said second-quarter adjusted earnings before interest and tax (EBIT) came in at 500 million euros ($597 million), in line with the average analyst forecast in a Reuters poll. Profit at the group's Steel Europe division, to be merged with the European steel unit of Indian peer Tata Steel , more than doubled to 198 million euros, driven by a sharp recovery in prices so far this year. ArcelorMittal, the world's largest steelmaker, last week said the outlook for this year had improved, expecting higher demand for steel in machinery and construction amid solid expansion in the United States and Europe. The steel joint venture with Tata St Show less Read more
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