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Thyssenkrupp slashes 2026 sales forecast as steel and auto demand weakens across Europe
Economy
Published on 12 May 2026
Down up to 3 percent as restructuring accelerates
German conglomerate Thyssenkrupp has cut its 2026 sales forecast, warning that weakening demand in both steel and automotive will likely drag revenue down by as much as 3%. The company points to broader economic slowdowns across Europe and is in the middle of restructuring its operations, signaling tougher times for industrial demand going forward.
- Thyssenkrupp reduced its 2026 sales outlook
- Steel and automotive weakness drove the forecast cut
- Sales could fall by up to 3%
- Restructuring is underway amid slower European growth
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times