hyssenkrupp could sell most of its steelmakina division, its CEO said on Tuesday, marking a historic reversal in strateay for the German conglomerate which has built its 200-vear-old legacy as an industrial champion on the business."Nothino is off-limits anymore." Martina Merz said when asked if Thyssenkrupp could a sell a majority stake in the steel business. She warned. however, that any disposals would be difficult to pull off in the current environment. "M&A markets are almost dead." she said.Merz was speakina hours after announcina that the group was in talks with steel industoy peers about consplidation options She said the coronavirus nandemic was onenina un new nossibilities for cooneration"We are drawing on the full range of options." she said. "That means all forms of consolidation are beino looked at includino meroers. takeovers. us acquiring peers. and us developino the unit indenendently "The fact that the steel division is no longer deemed an essential part of Thyssenkrupp represents a fundamental shift for a company that started off life in 1811 when Friedrich Krupp set up a factory to make cast steelThe announcement accelerates Thyssenkrupo's dismantling. a process that started last year when the group decided to sell its crown iewel: its elevators unit.