Thyssenkrupp Steel leaves German steel association WV Stahl

Germany’s largest steel producer, Thyssenkrupp Steel, has announced its withdrawal from the German Steel Association (WV Stahl), which traditionally represents the interests of the industry in Berlin and Brussels. This was reported by The Pioneer.

The decision was made against the backdrop of deep problems in the industry, which union representatives call catastrophic. Tekin Nasikkol, chairman of the works council, said that the situation in the German steel industry is critical.

Thyssenkrupp confirmed that its membership in WV Stahl will be terminated on December 31, 2026. The company explained that in the difficult economic situation, it is focusing on the efficient use of resources, in particular funds and staff time.

At the same time, the company emphasized that this does not mean abandoning industry dialogue or joint positions with the association. Thyssenkrupp will continue to support key industrial policy initiatives, including reducing electricity prices, strengthening trade protection, and developing the green steel market in Germany and the EU.

Thyssenkrupp AG, the parent company, is also considering leaving WV Stahl and is currently assessing the advisability of continuing its membership.

“We regret this decision, especially given that Thyssenkrupp Steel is actively involved in the association’s work during these difficult times,” WV Stahl said.

This event coincided with preparations for the steel summit that Chancellor Friedrich Merz will hold on November 6 to find ways out of the crisis for the industry.

As a reminder, at the end of October, Thyssenkrupp Steel temporarily shut down blast furnace No. 9 at its site in Duisburg-Brückhausen. The company explained this decision by weak demand for steel in Europe and growing pressure from imported products, which negatively affects the competitiveness of local production.

At the same time, the company is in intensive negotiations with Jindal Steel International regarding its steelmaking business. The Indian group is ready to invest more than €2 billion in the development of electric arc furnaces and the completion of the green steel production project in Duisburg. In addition, there was talk of a willingness to take on TKSE’s pension obligations of around €2.7 billion.