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STEEL STORM: TRUMP’S TARIFFS THREATEN EUROPE WITH CHAOS!
SHOCKER: Thyssenkrupp Sounds ALARM Over Trump’s Metal Madness!
In a jaw-dropping revelation, Thyssenkrupp executives are ringing the alarm bells about the catastrophic ripple effect of Donald Trump’s controversial 25% tariffs on steel and aluminum! This bombshell move is set to CRIPPLE Europe, intensifying the region’s overcapacity crisis and inviting a deluge of Chinese steel into the market!
Are We on the Brink of a Steel Tsunami?
Jens Schulte, the steelmaker’s CFO, has declared that the fallout will be felt FAR and WIDE. As Trump’s tariffs push U.S. producers to scramble, could we see Chinese steel flooding Europe like a tidal wave? “You bet!” Schulte grimly stated, hinting at a treacherous shift that could turn the European market upside down.
EU Steel Industry in DISARRAY!
Last year, European steelmakers sounded the alarm over ruthless Chinese imports that drove prices into the ground, crushing their profits amid soaring energy costs! Now, with these NEW tariffs igniting chaos, it’s a recipe for DISASTER! Thyssenkrupp, once the shining star of German industry, is already reeling from a staggering slump in demand as automakers cut production—this could be the final nail in the coffin!
A JOB CUTTING SPREE is Looming!
In a shocking announcement last November, Thyssenkrupp revealed plans to CUT 11,000 JOBS—nearly 40% of their workforce in Duisburg—as they brace for impact by slashing production capacity up to 25%! What on earth is happening to the backbone of European manufacturing?
The Financial Rollercoaster!
Over the past two years, this behemoth has seen its steel unit’s value plummet by a terrifying €3 billion due to a relentless stream of writedowns. Meanwhile, negotiations with Czech tycoon Daniel Křetínský to boost his stake in Thyssenkrupp have dragged on, leaving the company in a precarious position.
But Wait—A Glimmer of Hope!
In a twist that has stocks soaring, Thyssenkrupp announced a surprise €1 billion advance payment from its naval division, sending cash flow projections to a potentially lucrative €300 million! That’s a HUGE turnaround from their previous bleak forecast of a €200 million to €400 million loss! Investors celebrated with a 9% surge in shares!
Plans in Motion: Is a Spin-off the Answer?
Meanwhile, Chief Executive Miguel López is pushing ahead with plans to spin off the company’s naval business, eyeing a minority stake listing after U.S. equity giant Carlyle mysteriously backed out of a takeover! With Berlin hesitant to let go of this critical asset to foreign hands, the drama continues!
FASTEN YOUR SEATBELTS! A HIGH-STAKES BATTLE AWAITS!
As Thyssenkrupp treads the turbulent waters of international trade and domestic upheaval, one thing is certain—steel giants are about to clash! Will they weather the storm or crumble under the pressure? Stay tuned as this explosive saga unfolds!
photo credit: www.ft.com
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