Fix steel unit or drop it, top Thyssenkrupp investor says

DUESSELDORF, Germany (Reuters) - Union Investment, a top-10 investor of ailing conglomerate Thyssenkrupp raised pressure on management to soon present a plan for a turnaround of its steel unit, adding the group should otherwise drop the business.Steel Europe, subject a highly cyclical market, made adjusted earnings before interest and tax of 31 million euros ($34 million) in the last fiscal year that ended Sept. 30, a decline of 95% year-on-year.Thyssenkrupp has delayed a strategy announcement..