Thyssenkrupp

In March, it was reported about negotiations regarding the purchase by steel producers of Vallourec's stake in HKM

The parties are discussing EPCG's purchase of a further 30% of Thyssenkrupp Steel to form a joint venture

The company indicates that the market environment remains weak

In May 2025, new capacities will be put into operation

The supply of hydrogen to the enterprise remains in question

In this way, the enterprise can cover about 40% of the electricity demand

Union leaders voted against the deal

Among the reasons, in particular, the decrease in demand and prices in the steel division

The parties are in talks to sell another 30% of the division's shares to create a joint venture and each own 50% of the shares

Tk Materials operates independently of the steel division and has the right to choose its own suppliers

The company explains this step by the persistently weak economic condition, as well as the negative prospects of the steel market

The value of the contract is about €7.5 million