Business Ticker: Thyssenkrupp Reports Quarterly Loss of 353 Million Euros
Thyssenkrupp has reported a quarterly loss of 353 million euros, attributed to the costs associated with its restructuring efforts in the steel division.
Industry: Hope for Germany's Second Largest Steelworks
Germany's second largest steelworks, Hüttenwerke Krupp Mannesmann (HKM), faces reduced operations but a continuation under minority owner Salzgitter AG after negotiations.
SZ in the Evening: News from January 12, 2026
German Chancellor Merz and Indian Prime Minister Modi agree on closer defense cooperation, with plans for India to build six submarines worth eight billion euros with Thyssenkrupp Marine Systems.
Submarine Deal Planned: Merz on Promotional Tour in India
German Chancellor Friedrich Merz's first bilateral trip of the year comes with news of a nearly $8 billion submarine deal between ThyssenKrupp Marine Systems and the Indian Navy nearing completion.
Arms Industry: Why a Submarine Shipyard Wants to Buy Its Neighbor
The German Naval Yards Kiel (GNYK) is looking to acquire its neighbor, a move that reflects the competitive landscape of the shipbuilding industry in the region.