Daniel Kretinsky - Thyssenkrupp relies on new partner EPH for steel business - financial expert analyzes the situation and outlook

Daniel Kretinsky - Thyssenkrupp relies on new partner EPH for steel business - financial expert analyzes the situation and outlook

According to a report from www.finanzen.net, the industrial group thyssenkrupp is relying on Czech billionaire Daniel Kretinsky for the future of its steel business. This is the owner of the Kretinsky-Holding EPH, with which thyssenkrupp is currently in discussions about a potential joint venture. CEO Miguel López expects this to be a solution to the higher energy costs expected as a result of the conversion to more climate-friendly production. In the last financial year, thyssenkrupp had to write off billions on its steel business, which suffered from weak demand, lower prices and increased costs.

According to analyst Moses Ola from JPMorgan, the industrial group's figures have triggered mixed reactions in the financial markets. Thyssenkrupp's strong cash position contrasts with, among other things, lower-than-expected figures from Steel Europe and high value adjustments for the steel segment. The rating of the British investment bank Barclays remains pessimistic and sees thyssenkrupp's steel business as weak.

The impact of the negotiations between thyssenkrupp and EPH could affect the financial industry, as the formation of a joint company could have potential effects on the market. If the joint venture comes about, thyssenkrupp's financial flows and general competitive position in the industry could change. However, the increased energy costs and the weak development of Steel Europe could continue to pose challenges for the group.

Overall, the financial markets and investors need to keep a close eye on developments at thyssenkrupp, as changes in the steel industry and the energy market could have a direct impact on the company's success. The transformation to climate-neutral production and the continuation of discussions with EPH are therefore crucial factors for the future of thyssenkrupp and could have a significant impact on the company's share price and position on the market.