Thyssenkrupp has lowered its annual sales outlook as weakness in the steel and automotive sectors continues to weigh on performance. The German industrial group now expects sales to decline by up to 3%, reflecting softer demand, pricing pressure, and challenging market conditions.

The company’s steel division remains under pressure from weak European demand, while its automotive-linked businesses are also facing slower order momentum. Despite these headwinds, Thyssenkrupp continues to focus on restructuring, cost control, and operational efficiency to protect margins.

For the global steel industry, the update signals ongoing stress in European manufacturing, where high energy costs, subdued demand, and competition continue to impact major producers.