Thyssenkrupp News — GMK Center https://gmk.center/en/tag/thyssenkrupp-en/ This is an informational-analytical, discussion platform Wed, 17 Jun 2026 07:03:51 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 https://gmk.center/wp-content/uploads/2018/11/android-chrome-256x256-36x36.png Thyssenkrupp News — GMK Center https://gmk.center/en/tag/thyssenkrupp-en/ 32 32 <![CDATA[Thyssenkrupp plans to spin off its materials trading division]]> https://gmk.center/en/news/thyssenkrupp-plans-to-spin-off-its-materials-trading-division/ Wed, 17 Jun 2026 07:03:50 +0000 https://gmk.center/?post_type=news&p=125035 The German industrial conglomerate Thyssenkrupp plans to spin off its materials trading division, tk accelis (formerly Thyssenkrupp Materials Services, TKMS). This is stated in a company announcement. The decision is due to be approved at an extraordinary general meeting of shareholders on 7 August. It is planned to list tk accelis shares on the Frankfurt […]

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]]> <![CDATA[Thyssenkrupp has completed the sale of its remaining shares in AST to the Arvedi Group]]> https://gmk.center/en/news/thyssenkrupp-has-completed-the-sale-of-its-remaining-shares-in-ast-to-the-arvedi-group/ Fri, 12 Jun 2026 11:32:27 +0000 https://gmk.center/?post_type=news&p=124858 German steelmaker Thyssenkrupp has announced the completion of the sale of the remainder of its 15 per cent stake in Acciai Speciali Terni (AST) to the Arvedi Group. This is stated in a company press release. As noted, this step finalises the agreement reached in 2021 to sell the stainless steel plant in Terni and […]

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]]> <![CDATA[Thyssenkrupp is restarting hot rolling mill No. 4 in Duisburg]]> https://gmk.center/en/news/thyssenkrupp-is-restarting-hot-rolling-mill-no-4-in-duisburg/ Fri, 05 Jun 2026 07:53:45 +0000 https://gmk.center/?post_type=news&p=124535 German firm Thyssenkrupp Steel is resuming production at its No. 4 hot rolling mill in Duisburg following extensive repairs. This is stated in a company press release. The company announced the start of trial operations following a fire that occurred in October 2025. Following the incident, Thyssenkrupp Steel carried out extensive repair and restoration work […]

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]]> <![CDATA[Thyssenkrupp Automotive Technology is restructuring its production network in the US]]> https://gmk.center/en/news/thyssenkrupp-automotive-technology-is-restructuring-its-production-network-in-the-us/ Tue, 19 May 2026 12:21:37 +0000 https://gmk.center/?post_type=news&p=123835 Thyssenkrupp Presta North America, part of the Thyssenkrupp Automotive Technology segment, plans to close its production facility in Terre Haute, Indiana, by March 31, 2027. This was announced in a statement from the company. As part of the planned closure, production activities in the United States within the automotive chassis business, which are affected by […]

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]]> <![CDATA[Thyssenkrupp has raised the valuation of its steel division by 25%]]> https://gmk.center/en/news/thyssenkrupp-has-raised-the-valuation-of-its-steel-division-by-25/ Tue, 12 May 2026 14:00:47 +0000 https://gmk.center/?post_type=news&p=123551 The German conglomerate Thyssenkrupp has raised the valuation of its steel business (Thyssenkrupp Steel Europe, TKSE) by a quarter. This came almost immediately after negotiations to sell it to the Indian company Jindal Steel broke down. Reuters reported this. Thyssenkrupp CEO Miguel López noted that significant differences in the valuation of the asset were the […]

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]]> <![CDATA[Thyssenkrupp and Jindal have called off talks regarding the sale of the steel division]]> https://gmk.center/en/news/thyssenkrupp-and-jindal-have-called-off-talks-regarding-the-sale-of-the-steel-division/ Mon, 04 May 2026 07:27:00 +0000 https://gmk.center/?post_type=news&p=123228 The German industrial group Thyssenkrupp has suspended negotiations with the Indian company Jindal Steel International regarding the potential sale of its steel division, according to Reuters. In recent years, CEO Miguel López has made significant progress in transforming Thyssenkrupp into a holding company. In particular, during his tenure, the company has spun off its hydrogen […]

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]]> <![CDATA[Thyssenkrupp Materials Services is expanding its presence in North America]]> https://gmk.center/en/news/thyssenkrupp-materials-services-is-expanding-its-presence-in-north-america/ Tue, 14 Apr 2026 12:41:40 +0000 https://gmk.center/?post_type=news&p=122553 Thyssenkrupp Materials Services (a division of the Thyssenkrupp Group) has announced the acquisition of a controlling stake in the Mexican company Aceroteca Trading, a flat-rolled carbon steel processing and service center. As noted, this transaction is an important step in strengthening Thyssenkrupp Materials Services’ integrated presence in North America and supports customers’ growing localization and […]

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]]> <![CDATA[Thyssenkrupp calls on the European Commission to protect the European electrical steel sector]]> https://gmk.center/en/news/thyssenkrupp-calls-on-the-european-commission-to-protect-the-european-electrical-steel-sector/ Thu, 02 Apr 2026 08:37:04 +0000 https://gmk.center/?post_type=news&p=122177 Thyssenkrupp Steel Europe has called on the European Commission to take measures to protect European production of electrical steel from cheap imports from Asia, Reuters reports. The company welcomed the launch of the EU’s safeguard investigation into grain-oriented electrical steel; according to TKSE CEO Marie Jaroni, this is a necessary first step. Imports of these […]

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]]> <![CDATA[Thyssenkrupp is extending production cuts in France due to import pressure]]> https://gmk.center/en/news/thyssenkrupp-is-extending-production-cuts-in-france-due-to-import-pressure/ Thu, 26 Mar 2026 13:09:01 +0000 https://gmk.center/?post_type=news&p=121922 The German steelmaker Thyssenkrupp is extending production cuts at its plant in Isbergues in northern France, citing a flood of imports into the European market. Reuters reported this, citing a statement from the company. The plant, which specializes in the production of grain-oriented electrical steel, has been operating at half capacity since January 2026. Now, […]

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]]> <![CDATA[Negotiations between Thyssenkrupp and Jindal over the steel division are dragging on]]> https://gmk.center/en/news/negotiations-between-thyssenkrupp-and-jindal-over-the-steel-division-are-dragging-on/ Mon, 23 Mar 2026 09:29:21 +0000 https://gmk.center/?post_type=news&p=121706 Negotiations regarding the sale of Thyssenkrupp’s steel division to India’s Jindal Steel International are not progressing, but the long-awaited deal should not be delayed for months. This was stated by Juergen Kerner, deputy chairman of the German company’s supervisory board, according to Reuters. Kerner, who is also deputy chairman of IG Metall, said that union representatives […]

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]]> <![CDATA[Flacks Group is ready to submit a bid to acquire Thyssenkrupp’s steel business]]> https://gmk.center/en/news/flacks-group-is-ready-to-submit-a-bid-to-acquire-thyssenkrupp-s-steel-business/ Fri, 06 Mar 2026 13:48:33 +0000 https://gmk.center/?post_type=news&p=121030 The American investment fund Flacks Group is ready to make an offer to acquire the steel division of the German industrial group Thyssenkrupp if the current attempts to sell it fail. This was reported to Reuters by the fund’s CEO Michael Flacks. According to him, Flacks Group’s main interest is currently focused on Italy, but […]

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]]> <![CDATA[Thyssenkrupp to supply low-carbon steel to BMW Group]]> https://gmk.center/en/news/thyssenkrupp-to-supply-low-carbon-steel-to-bmw-group/ Sun, 01 Mar 2026 06:18:49 +0000 https://gmk.center/?post_type=news&p=120769 German steel manufacturer Thyssenkrupp Steel will supply its recycled green Bluemint steel to the BMW Group for the production of certain car parts. This was announced in a statement by the steel company. Deliveries will begin this year. The exterior panels, interior parts, and battery housing of the BMW iX3 will be made from Bluemint […]

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]]> <![CDATA[Thyssenkrupp recorded restructuring costs for its steel business of €401 million]]> https://gmk.center/en/news/thyssenkrupp-recorded-restructuring-costs-for-its-steel-business-of-e401-million/ Thu, 12 Feb 2026 10:04:42 +0000 https://gmk.center/?post_type=news&p=120020 German industrial group Thyssenkrupp has recorded restructuring costs for its steel business – financing large-scale job cuts – in the amount of €401 million ($477 million). This is stated in the company’s report. As a result of these costs, the group reported a net loss of €334 million for the first quarter of the 2025/2026 […]

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]]> <![CDATA[Salzgitter to acquire joint venture Hüttenwerke-Krupp Mannesmann]]> https://gmk.center/en/news/salzgitter-to-acquire-joint-venture-huttenwerke-krupp-mannesmann/ Mon, 09 Feb 2026 08:58:24 +0000 https://gmk.center/?post_type=news&p=119803 German steel producer Salzgitter has announced its intention to buy out the co-owners of the Hüttenwerke-Krupp Mannesmann (HKM) joint steel venture to become the sole owner of the company from mid-2026. Thyssenkrupp owns 50% of HKM’s shares, Salzgitter owns 30%, and French pipe manufacturer Vallourec owns 20%. As noted, after intensive negotiations, Thyssenkrupp Steel and […]

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]]> <![CDATA[Thyssenkrupp signs agreement to supply processed scrap from TSR Group]]> https://gmk.center/en/news/thyssenkrupp-signs-agreement-to-supply-processed-scrap-from-tsr-group/ Fri, 19 Dec 2025 13:14:59 +0000 https://gmk.center/?post_type=news&p=117977 German steel producer Thyssenkrupp Steel has announced the signing of a long-term supply agreement with German recycled raw materials supplier TSR Group. TSR will supply its innovative recycled product TSR40, which the company has been producing on an industrial scale at its recycling plant in Duisburg since 2023 and, since 2024, also in Hamburg and […]

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]]> <![CDATA[Thyssenkrupp Electrical Steel to suspend operations at two plants in Germany and France]]> https://gmk.center/en/news/thyssenkrupp-electrical-steel-to-suspend-operations-at-two-plants-in-germany-and-france/ Thu, 11 Dec 2025 13:28:47 +0000 https://gmk.center/?post_type=news&p=117488 Thyssenkrupp Electrical Steel (TKES), a division of German industrial group Thyssenkrupp that manufactures electrical steel, will shut down two plants in Gelsenkirchen (Germany) and Isbergues (France). This was announced in a statement by the company. As a result, 1,200 jobs are at risk. The shutdown will last from mid-December until the end of this year. […]

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]]> <![CDATA[Thyssenkrupp seeks joint solution for Hüttenwerke Krupp-Mannesmann]]> https://gmk.center/en/news/thyssenkrupp-seeks-joint-solution-for-huttenwerke-krupp-mannesmann/ Wed, 10 Dec 2025 08:42:17 +0000 https://gmk.center/?post_type=news&p=117361 German industrial group Thyssenkrupp has called on all shareholders to find a solution for Hüttenwerke Krupp-Mannesmann (HKM), Reuters reports. This is a shared responsibility of the companies, said Thyssenkrupp CEO Miguel Lopez. The industrial conglomerate owns 50% of HKM’s shares, Salzgitter owns 30%, and French pipe manufacturer Vallourec owns 20%. According to Kallanish, Thyssenkrupp Steel […]

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]]> <![CDATA[Thyssenkrupp expects significant losses in fiscal year 2025/2026]]> https://gmk.center/en/news/thyssenkrupp-expects-significant-losses-in-fiscal-year-2025-2026/ Tue, 09 Dec 2025 11:55:49 +0000 https://gmk.center/?post_type=news&p=117326 German industrial conglomerate Thyssenkrupp expects its net loss to reach €800 million in the 2025/2026 financial year (ending September 30, 2026), Reuters reports. The company’s expectations are based, among other things, on the costs of restructuring its steel division, which it is seeking to sell to India’s Jindal Steel. A final offer may be received […]

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]]> <![CDATA[Thyssenkrupp estimates restructuring costs at several hundred million euros]]> https://gmk.center/en/news/thyssenkrupp-estimates-restructuring-costs-at-several-hundred-million-euros/ Wed, 03 Dec 2025 13:40:40 +0000 https://gmk.center/?post_type=news&p=117064 Marie Jarony, head of Thyssenkrupp’s steel division, estimates that the restructuring agreement, which involves cutting or outsourcing around 11,000 jobs, will cost the company hundreds of millions of euros. She said this in an interview with Frankfurter Allgemeine Zeitung, Reuters reports. “The exact amount depends on how many employees accept one offer or another,” Jarony […]

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]]> <![CDATA[Thyssenkrupp Steel leaves German steel association WV Stahl]]> https://gmk.center/en/news/thyssenkrupp-steel-leaves-german-steel-association-wv-stahl/ Tue, 04 Nov 2025 08:34:25 +0000 https://gmk.center/?post_type=news&p=115369 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, […]

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]]> <![CDATA[Thyssenkrupp shuts down blast furnace in Duisburg due to weak demand and imports]]> https://gmk.center/en/news/thyssenkrupp-shuts-down-blast-furnace-in-duisburg-due-to-weak-demand-and-imports/ Tue, 28 Oct 2025 09:27:29 +0000 https://gmk.center/?post_type=news&p=115028 German steel producer Thyssenkrupp Steel has temporarily shut down blast furnace No. 9 (BF9) at its site in Duisburg-Bruichausen. 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. This was reported by Fastmarkets. «The shutdown is a response […]

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]]> <![CDATA[Thyssenkrupp holds intensive negotiations with Jindal Steel]]> https://gmk.center/en/news/thyssenkrupp-holds-intensive-negotiations-with-jindal-steel/ Tue, 21 Oct 2025 08:18:30 +0000 https://gmk.center/?post_type=news&p=114678 German conglomerate Thyssenkrupp is in intensive negotiations with Jindal Steel International regarding its steelmaking business. This was announced by the company’s CEO Miguel Lopez to Reuters at the Frankfurt Stock Exchange. Lopez called it a good collaboration, but made it clear that the negotiations could take some time. “We’ll see what the outcome is over […]

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]]> <![CDATA[Thyssenkrupp Electrical Steel suspends operations at its Gelsenkirchen plant]]> https://gmk.center/en/news/thyssenkrupp-electrical-steel-suspends-operations-at-its-gelsenkirchen-plant/ Mon, 20 Oct 2025 10:24:56 +0000 https://gmk.center/?post_type=news&p=114628 German steel company Thyssenkrupp Steel Europe has announced a week-long shutdown at its subsidiary Thyssenkrupp Electrical Steel in Schalke, Gelsenkirchen. From mid-October, the plant will cease operations completely, including its administrative departments. According to StahlEisen, around 1,200 employees are at risk. According to plant manager Angelo Di Martino, the decision is linked to the massive […]

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]]> <![CDATA[Czech billionaire Kretinsky sells 20% stake in Thyssenkrupp Steel]]> https://gmk.center/en/news/czech-billionaire-kretinsky-sells-20-stake-in-thyssenkrupp-steel/ Thu, 02 Oct 2025 11:58:37 +0000 https://gmk.center/?post_type=news&p=114008 Czech billionaire Daniel Kretinsky has agreed to sell his 20% stake in Thyssenkrupp’s steel division, ending plans to create a joint venture with the German company, Reuters reports. According to a joint statement by the parties, this decision allows Thyssenkrupp to focus on negotiations with India’s Jindal Steel International, which submitted a preliminary bid to […]

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]]> <![CDATA[Acquisition of Thyssenkrupp division could help Jindal Steel with European CBAM]]> https://gmk.center/en/news/acquisition-of-thyssenkrupp-division-could-help-jindal-steel-with-european-cbam/ Tue, 23 Sep 2025 09:10:23 +0000 https://gmk.center/?post_type=news&p=113643 Jindal Steel’s non-binding offer to acquire Thyssenkrupp’s (TKSE) steel division could give the Indian company a potential competitive advantage, for example, by producing in a region without CBAM. This was reported by Fastmarkets. Market sources believe that Jindal’s offer is strategically attractive, as production in the EU would protect its hypothetical European steel division from […]

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]]> <![CDATA[Thyssenkrupp has received an offer from Jindal Steel to purchase its steel business]]> https://gmk.center/en/news/thyssenkrupp-has-received-an-offer-from-jindal-steel-to-purchase-its-steel-business/ Wed, 17 Sep 2025 09:25:27 +0000 https://gmk.center/?post_type=news&p=113416 German conglomerate Thyssenkrupp has announced that it has received a non-binding offer to acquire its steel division, Thyssenkrupp Steel Europe (TKSE), from Indian group Jindal Steel International, part of the Naveen Jindal Group. This marks a new stage in years of attempts to spin off the steel business, which remains Germany’s largest steel producer with […]

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]]> <![CDATA[Thyssenkrupp Nucera to supply electrolysers for green iron project in Australia]]> https://gmk.center/en/news/thyssenkrupp-nucera-to-supply-electrolysers-for-green-iron-project-in-australia/ Tue, 02 Sep 2025 02:41:33 +0000 https://gmk.center/?post_type=news&p=112829 German electrolyzer manufacturer Thyssenkrupp Nucera has announced that it has been selected as the preferred supplier of electrolyzers with a total capacity of 1.4 GW for a green iron project in Australia. Thyssenkrupp Nucera will supply electrolysers for the production of green hydrogen as part of the Mid-West Green Iron project, which is being implemented […]

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]]> <![CDATA[Thyssenkrupp cuts investment plans for the 2024/2025 financial year]]> https://gmk.center/en/news/thyssenkrupp-cuts-investment-plans-for-the-2024-2025-financial-year/ Thu, 14 Aug 2025 09:13:00 +0000 https://gmk.center/?post_type=news&p=112598 The German industrial giant Thyssenkrupp AG has revised its investment plans and lowered its profit and revenue forecast for the 2024/2025 financial year (ending September 30) following the publication of results for the third quarter (April–June). As stated, in response to a challenging situation the conglomerate is adopting a more restrictive approach to investment planning. […]

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]]> <![CDATA[Thyssenkrupp launches new production lines in Duisburg with €800 million investment]]> https://gmk.center/en/news/thyssenkrupp-launches-new-production-lines-in-duisburg-with-e800-million-investment/ Mon, 07 Jul 2025 08:12:19 +0000 https://gmk.center/?post_type=news&p=111031 Steel company thyssenkrupp Steel Europe has completed a major upgrade of its production complex in Duisburg, Germany. After two years of construction and installation, the company has launched a new continuous casting machine (CCM) No. 4, a deeply modernized hot rolling mill No. 4 with two walking beam furnaces, and fully automated slab logistics. This […]

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]]> <![CDATA[Thyssenkrupp will continue construction of a green steel plant]]> https://gmk.center/en/news/thyssenkrupp-will-continue-construction-of-a-green-steel-plant/ Mon, 23 Jun 2025 13:08:52 +0000 https://gmk.center/?post_type=news&p=110516 Thyssenkrupp is sticking to its plans to build a €3.5 billion green steel plant in Duisburg. This is stated in the company’s statement, Reuters reports. However, as the company notes, for the transformation to be successful under economically viable conditions, it is necessary to adjust the framework conditions and accelerate the expansion of the relevant […]

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]]> <![CDATA[Thyssenkrupp launches a new continuous casting machine]]> https://gmk.center/en/news/thyssenkrupp-launches-a-new-continuous-casting-machine/ Tue, 10 Jun 2025 09:07:39 +0000 https://gmk.center/?post_type=news&p=110023 German steelmaker Thyssenkrupp Steel has announced that it has successfully started trial operation and cast the first slabs on its new continuous casting machine No. 4 (SGA 4) at its plant in the Bruckhausen area of Duisburg, Germany. This is stated in the company’s message. As noted, this has become the largest single investment project […]

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]]> <![CDATA[Thyssenkrupp continues strategic business reorganization]]> https://gmk.center/en/news/thyssenkrupp-continues-strategic-business-reorganization/ Tue, 27 May 2025 07:26:41 +0000 https://gmk.center/?post_type=news&p=109504 German industrial giant ThyssenKrupp has announced plans to transform itself into a holding company with controlling stakes in certain business segments. This is stated in the message of the conglomerate. The future strategic target model will be presented to the Supervisory Board by the end of the current fiscal year. It is noted that the […]

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]]> <![CDATA[Thyssenkrupp Steel and IG Metall reach agreement in principle on restructuring]]> https://gmk.center/en/news/thyssenkrupp-steel-and-ig-metall-reach-agreement-in-principle-on-restructuring/ Thu, 08 May 2025 10:20:36 +0000 https://gmk.center/?post_type=news&p=108850 Thyssenkrupp’s steel division has announced that it has reached an agreement in principle with the IG Metall trade union on its planned restructuring. Further negotiations are expected to result in a collective bargaining agreement by summer 2025. The basis for this is the industrial concept presented by the company’s management board at the end of […]

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]]> <![CDATA[Transition to green steel in Europe: what went wrong?]]> https://gmk.center/en/posts/transition-to-green-steel-in-europe-what-went-wrong/ Mon, 05 May 2025 11:08:07 +0000 https://gmk.center/?post_type=posts&p=108682 Leading steel players are revising their previously approved decarbonization strategies, while placing significant requirements on national governments. GMK Center has examined these developments and their potential implications. Hydrogen on hold There are currently three ways to reduce CO2 emissions in steel production: 1. Using energy from renewable sources for electric arc furnace melting (R-EAF scrap-based). […]

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]]> <![CDATA[ThyssenKrupp considers sale or spin-off of Materials Services]]> https://gmk.center/en/news/thyssenkrupp-considers-sale-or-spin-off-of-materials-services/ Mon, 14 Apr 2025 07:52:13 +0000 https://gmk.center/?post_type=news&p=107696 German industrial giant ThyssenKrupp AG is considering options to exit its materials trading business, Thyssenkrupp Materials Services GmbH, which could be valued at up to €2 billion. According to Bloomberg, citing knowledgeable sources, the company has already held preliminary talks with potential advisors on the future of the unit. Several scenarios are being considered, including […]

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]]> <![CDATA[Thyssenkrupp terminates cooperation with Hüttenwerke-Krupp Mannesmann]]> https://gmk.center/en/news/thyssenkrupp-terminates-cooperation-with-huttenwerke-krupp-mannesmann/ Tue, 08 Apr 2025 09:28:42 +0000 https://gmk.center/?post_type=news&p=107518 Thyssenkrupp Steel Europe has officially started the process of terminating its long-term cooperation with Hüttenwerke-Krupp Mannesmann (HKM). The decision to terminate the multi-year contract for the supply of about 2.5 million tons of steel annually was approved by the Supervisory Board of the Group. According to the plans, the supply obligations will be fully terminated […]

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]]> <![CDATA[Thyssenkrupp Steel suspends tender for green hydrogen due to high prices]]> https://gmk.center/en/news/thyssenkrupp-steel-suspends-tender-for-green-hydrogen-due-to-high-prices/ Sun, 30 Mar 2025 06:02:47 +0000 https://gmk.center/?post_type=news&p=107010 German steelmaker Thyssenkrupp Steel has suspended a tender for the purchase of environmentally friendly hydrogen for its direct reduction plant in Duisburg. This is reported by S&P Global. This step is due to the fact that the proposed hydrogen prices were significantly higher than the company expected, and other framework parameters of the hydrogen economy, […]

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]]> <![CDATA[Thyssenkrupp to cut 1.8 thousand jobs in the automotive division]]> https://gmk.center/en/news/thyssenkrupp-to-cut-1-8-thousand-jobs-in-the-automotive-division/ Fri, 07 Mar 2025 09:01:41 +0000 https://gmk.center/?post_type=news&p=106034 German industrial conglomerate Thyssenkrupp plans to cut about 1.8 thousand jobs in its Automotive Technology division, Der Spiegel reports. The company’s measures are aimed at reducing costs by more than €150 million. These steps also include adjusting investments, reducing working capital and temporarily freezing hiring, especially for positions above a certain salary level. At the […]

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]]> <![CDATA[Thyssenkrupp notes uncertainty in the steel market]]> https://gmk.center/en/news/thyssenkrupp-notes-uncertainty-in-the-steel-market/ Fri, 14 Feb 2025 10:59:42 +0000 https://gmk.center/?post_type=news&p=105368 Thyssenkrupp’s steel division decreased sales by 11% y/y in monetary terms to €2.18 million in the first quarter of fiscal year 2024/2025 (October-December 2024). This was discussed during a conference call on the company’s results for the period, S&P Global reports. This was mainly due to lower spot market prices in all customer segments. Deliveries […]

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]]> <![CDATA[German Chancellor considers future transition to green steel inevitable]]> https://gmk.center/en/news/german-chancellor-considers-future-transition-to-green-steel-inevitable/ Wed, 05 Feb 2025 08:45:40 +0000 https://gmk.center/?post_type=news&p=104973 German Chancellor Olaf Scholz, during a visit to the Thyssenkrupp Steel Europe plant in Duisburg, spoke in favor of the steel industry’s further transition to climate-neutral production, reports Manager Magazine. Scholz, who is the leading SPD candidate in the February 23 elections, cited the wishes of the automotive industry as well as other major customers […]

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]]> <![CDATA[JSW Steel and JFE complete the acquisition of Thyssenkrupp’s electrical steel business in India]]> https://gmk.center/en/news/jsw-steel-and-jfe-complete-the-acquisition-of-thyssenkrupps-electrical-steel-business-in-india/ Wed, 05 Feb 2025 03:07:08 +0000 https://gmk.center/?post_type=news&p=104965 JFE Steel and JSW Steel have completed the acquisition of Thyssenkrupp Electrical Steel India through their joint venture JSW JFE Electrical Steel. This is reported by Kallanish. The purchase price is estimated at $457 million. The company, which was owned by Thyssenkrupp, will focus on the production of granular electrical steel (GOES). This will allow […]

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]]> <![CDATA[Sale of 20% stake in Thyssenkrupp’s steel business may be canceled – CEO]]> https://gmk.center/en/news/sale-of-20-stake-in-thyssenkrupps-steel-business-may-be-canceled-ceo/ Mon, 03 Feb 2025 08:32:17 +0000 https://gmk.center/?post_type=news&p=104894 The acquisition of 20% of the steel business of the German industrial group Thyssenkrupp by the holding of Czech billionaire Daniel Kretinsky could be canceled if negotiations on deeper cooperation fail. This was stated by Thyssenkrupp CEO Miguel Lopez at the annual shareholders’ meeting, Reuters reports. According to him, there is a backup agreement to […]

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]]> <![CDATA[ArcelorMittal Duisburg to stop purchasing pig iron from Thyssenkrupp]]> https://gmk.center/en/news/arcelormittal-duisburg-to-stop-purchasing-pig-iron-from-thyssenkrupp/ Mon, 20 Jan 2025 13:31:26 +0000 https://gmk.center/?post_type=news&p=104381 ArcelorMittal Duisburg will stop purchasing pig iron from Thyssenkrupp Steel due to environmental concerns, Kallanish reports. ArcelorMittal has decided not to extend the current contract, which runs until September 2027. The company cites high carbon costs associated with the supply. This is another negative factor in addition to the challenging market conditions for wire rod, […]

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]]> <![CDATA[Thyssenkrupp’s green steel plan includes alternatives to hydrogen]]> https://gmk.center/en/news/thyssenkrupps-green-steel-plan-includes-alternatives-to-hydrogen/ Thu, 16 Jan 2025 04:04:17 +0000 https://gmk.center/?post_type=news&p=104236 Thyssenkrupp said its €3 billion plan to produce green steel could go ahead even if the government’s ambitions to create a leading hydrogen industry fail completely. This is reported by Reuters. The group’s planned green steel plant in Duisburg is not affected by this, the company explained. “The plant can also be operated with natural […]

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]]> <![CDATA[Thyssenkrupp AT.PRO tec receives €1.8 million grant for decarbonization project]]> https://gmk.center/en/news/thyssenkrupp-at-pro-tec-receives-e1-8-million-grant-for-decarbonization-project/ Tue, 14 Jan 2025 13:49:40 +0000 https://gmk.center/?post_type=news&p=104173 Thyssenkrupp AT.PRO tec (a subsidiary of Thyssenkrupp Materials Services) has received a €1.8 million European research grant for a blast furnace decarbonization project. This was reported by Primetals Technologies. The grant was provided by the EU Research Fund for Coal and Steel (RFCS). The project aims to develop a hydrogen injection method based on a […]

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