BERLIN, Feb. 14 (Xinhua) -- German steel giant Thyssenkrupp on Wednesday lowered its outlook for 2023/24, expecting to break even instead of achieving the previously assumed net profit in the low to mid three-digit million euro range.
In the first quarter (Q1), Thyssenkrupp recorded a net loss of 314 million euros (336 million U.S. dollars) due to impairment losses, which were "mainly attributable" to higher cap