ThyssenKrupp sticks to earnings outlook for Brazil steel plant

viernes 4 de julio de 2014 05:32 GYT

FRANKFURT, July 4 (Reuters) - ThyssenKrupp AG said on Friday it was sticking to its earnings forecast for its Steel Americas business, after a media report said its struggling Brazil steel plant would break-even this year.

A spokesman said there was nothing new to add to ThyssenKrupp's outlook given in May.

Investor newsletter Platow had reported earlier that the Brazil plant was expected to reach break-even this year, earlier than expected.

ThyssenKrupp shares rose 1.2 percent. They were the second-biggest gainer in a 0.1 percent lower German blue chip index at 0900 GMT. (Reporting by Tom Kaeckenhoff; Writing by Harro ten Wolde; Editing by Jonathan Gould)