ThyssenKrupp: Talks Over Sale Of Alabama Plant

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.

More from

Carriers Reject Kill Switch For Stolen Smartphones

J&J To Pay $2.5B To Settle Hip Replacement Suits

Toyota Vows Fuel Cell Model By 2015

Explore more news here.