Chinese demand boosts Germany's ailing Thyssenkrupp

Berlin (AFP) May 11, 2021

German industrial giant Thyssenkrupp raised its annual forecast on Tuesday and reported a smaller quarterly loss than last year thanks to strong demand from China. The Essen-based group, which is in the throes of a painful restructuring, is now expecting an adjusted operating profit in the "three-digit million euro range" in the 2020-2021 period after previously predicting it would "almost b