Thyssenkrupp: no supply bottlenecks due to Red Sea situation

Thyssenkrupp has not experienced any supply bottlenecks as a result of the attacks on vessels in the Red Sea, the company said in a statement on Monday.

Many shipping companies no longer use the Red Sea route and go around Africa instead, the statement said.

"This primarily affects Thyssenkrupp businesses and their suppliers that rely on global supply chains, such as automotive or plant engineering. However, delivery bottlenecks have not yet occurred," it said.