Activist investors go after a German industrial icon
The aim is to thoroughly shake up the last of the country’s unreformed conglomerates
FEW industrial scenes offer the drama of a steelworks in full flow. Perched high in a cabin, a technician guides a bucket the size of a house to send 250 tons of lava-like molten metal into a vast crucible. As a roar echoes across a gargantuan hall, a pile of scrap slides into the mixture. Plumes of illuminated smoke rise. Sparks like giant fireflies tumble down. ThyssenKrupp’s steelmaking plant in Duisburg makes 30,000 tons of the metal daily.
This article appeared in the Business section of the print edition under the headline “Steeling itself”
Business June 2nd 2018
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- Are you stuck in a “bullshit job”?
- Shootings in India tarnish Vedanta’s reputation
- Activist investors go after a German industrial icon
- A Hungarian startup could beat Ryanair at its own low-cost game
- Comcast and Disney battle over Rupert Murdoch’s empire
- HEYTEA wants to make tea-drinking cool again in China
- Six muddles about share buy-backs
From the June 2nd 2018 edition
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