German steel maker ThyssenKrupp has reported a loss of 1.87 billion euros ($A3.08 billion) for the 2008-9 fiscal year.

The loss for the fiscal year that ended September 30 compared with a net profit of 2.3 billion euros the previous year for ThyssenKrupp, based in Duesseldorf.

The company said the drop was due to a number of restructuring charges and the impact of the global economic downturn on the steel industry. At the same time, the company faced construction costs for building up businesses in Alabama and Brazil.

Revenue fell 24 per cent to 40.5 billion euros ($A66.6 billion) from 53.4 billion euros in the previous fiscal year.

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November 23 MetalBiz–China’s mills have announced flat steel prices for January. Averagely, the HRC export price went up by U.S.$10~20 per ton.

Besides, CRC price difference was quite big. The first-tier mill announced the CRC base price is about U.S.$710 per ton, but the second-tier mill quotes the same product at only U.S.$610 per ton. Prices will be depending on different steel grade and order quantity.

CGI base price also increased slightly in line with higher carbon steel price.