ThyssenKrupp: Talks Over Sale Of Alabama Plant

German steel company ThyssenKrupp AG says it's in "exclusive negotiations" about the possible sale of its 3-year-old steel plant in Alabama.

FRANKFURT, Germany (AP) -- 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.


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