May 20, 2020 / 9:50 AM / 13 days ago

Salzgitter: No negotiations with Thyssenkrupp on steel

DUESSELDORF, Germany, May 20 (Reuters) - Salzgitter , Germany’s second-largest steelmaker, said on Wednesday it was not in negotiations with larger rival Thyssenkrupp about consolidating their activities.

Salzgitter said it has been successfully independent for more than two decades, but added that it remained open to ideas about what cooperation with peers could look like, provided that is beneficial for its future.

Thyssenkrupp earlier this week said it was talking to peers about consolidation in the steel industry, fuelling hopes for tie-ups in Germany or Europe. (Reporting by Tom Kaeckenhoff; Writing by Christoph Steitz; Editing by Michelle Martin)

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