Thyssenkrupp has further downgraded its steel business by €1bn, citing weak earnings and the costs of transitioning to greener practices. The company reported a net loss of €1.4bn, an improvement from last year's €2bn loss. CEO Miguel Lopez indicated that the current fiscal year will involve significant decisions for the steel and marine sectors. The firm is in discussions with Czech billionaire Daniel Křetínský regarding his stake in the steel division. Thyssenkrupp has faced challenges from rising energy costs and competition, leading to executive resignations and concerns about the future of its steel unit. Despite disappointing earnings, there are some positive forecasts for adjusted EBIT. Thyssenkrupp shares rose by 6% following the earnings announcement. Teljes cikk (Euronews.com)