DUESSELDORF — Thyssenkrupp is considering carving out its steel division and putting it under Germany’s economic stabilization fund in a bid to rescue the ailing business, a senior policymaker said on Friday.

Andreas Pinkwart, economy minister of North Rhine-Westphalia — Germany’s most populous state where Thyssenkrupp is based — said talks with the conglomerate over state aid continued and that a carve-out was being assessed by the government. (Reporting by Tom Kaeckenhoff Writing by Christoph Steitz Editing by Michelle Adair)