FRANKFURT, Germany — German steel company ThyssenKrupp AG says it's in "exclusive negotiations" about the possible sale of its 3-year-old steel plant in Alabama.
It said late Tuesday the outcome of the talks is still open, and its news release didn't name the potential buyer.
The Essen-based company put off announcing its financial statements from Thursday until Dec. 2 as a result of the talks.
The Calvert, Alabama, plant began working in 2010, processing slab steel from another new plant in Brazil. A fall in steel prices has led to losses for the company and large writedowns for the reduced value of the plants.
Think your friends should see this? Share it with them!
Note: All comments left on our sites are first reviewed by an automated comment moderation system. Your comment may take up to 5 minutes to appear. If for any reason your comment can not be approved you will receive an email from this system with a detailed explanation.
Story copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to email@example.com and it will be forwarded to the appropriate editor or reporter.