Thyssenkrupp's (TKAG.DE) steel division, Europe's second-largest, is feeling the impact of soaring energy prices and welcomes this week's proposal by an expert commission to cap gas costs for industry, a senior executive said.
"The energy crisis is hitting us hard, for sure," Thyssenkrupp Steel Europe Chief Executive Bernhard Osburg said during the official inauguration of a new hot-dip galvanising facility that has cost over 250 million euros ($243 million).
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