Thyssenkrupp cut production following shutdowns in March and took out blast furnace A at semis producer HKM, adjusted blast furnaces at its integrated mills and reduced downstream processes by 30% at its steel unit, Keysberg said.
"Corona hit in April," said Keysberg in response to a question from S&P Global Platts during a press call on the company's second fiscal quarter (January-March) results. "We are going to ramp up step by step," he said, adding that production cuts were likely to be in place until summer depending on how the pandemic and demand unfolds further, adding at an analysts' call later in the day that Thyssenkrupp might ramp up to a 20% reduction.
