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Thyssenkrupp to take 1 billion euro charge on steel - Handelsblatt

FILE PHOTO: ThyssenKrupp steel factory in Duisburg
FILE PHOTO: ThyssenKrupp steel factory in Duisburg

FRANKFURT (Reuters) - Thyssenkrupp <TKAG.DE> is writing down the value of its steel unit by more than 1 billion euros (894.28 million pounds), Handelsblatt reported, citing company sources.

Thyssenkrupp is due to report full-year results on Nov. 19 and has said that its steel unit will likely post an adjusted operating loss of 1 billion euros.

A spokesman for Thyssenkrupp declined to comment.

(Reporting by Christoph Steitz; Editing by Riham Alkousaa)