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CEO says ThyssenKrupp committed to Ala. Steel Mill

By: AP Email
By: AP Email

MOBILE, Ala. (AP) -- The chief executive of ThyssenKrupp AG says
the company remains committed to success at its new carbon steel
mill in Alabama, though the future is less certain for 550 workers
employed by the mill's stainless steel operations.

CEO Heinrich Hiesinger told shareholders at the company's annual
meeting Friday that ThyssenKrupp should "successfully complete the
commercial ramp-up" of plants in the U.S. and Brazil despite
recent financial losses in its Steel Americas division.

The Press-Register reports (http://bit.ly/wcFg1t ) the remarks
appear to refute a German magazine report that ThyssenKrupp might
sell its carbon steel operations, which employ 1,600 Alabama
workers.

The $5 billion mill in Calvert makes both carbon and stainless
steel. Hiesinger says the company is still considering a possible
sale of its stainless steel business.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


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