Thyssenkrupp denies starting sales process for Italian stainless mill

German industrial group Thyssenkrupp did not confirm speculation that it has begun a sale process for its Italian stainless steel plant, Acciai Speciali Terni (AST), when the company spoke to Fastmarkets on Monday October 12.

Last week, several reports appeared in the global press indicating that Thyssenkrupp has initiated a sale process for AST.
Thyssenkrupp, however, denied such speculation. "At this point, we have not initiated a sale process," the company's spokesperson told Fastmarkets.
The company did, however, add that it would consider partnerships or a sale of AST in future.

"Thyssenkrupp is currently realigning...

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