It is reported that German ThyssenKrupp expected to seek a potential buyer for its grain-oriented electrical steel business.
Meanwhile, the company's grain-oriented plants in Gelsenkirchen in Germany, Isbergues in France and Nashik, India are with total 1800 employees.
The company will try to keep its non-oriented business which becomes part of TK's European steel business.
However, TK didn't disclosure any detail when the plants will be sold at this moment.