German steelmaker ThyssenKrupp's steel production is down by about a fifth compared with the beginning of this year due to weaker demand, according to a report by Reuters.
"We are not idling any blast furnace," a company spokesman said when asked whether lower steel prices and weaker demand would force the company to follow the steps undertaken by ArcelorMittal.
"We are working at about 80 percent of our production capacity now, compared with 100 percent in January this year," the ThyssenKrupp spokesman added.