Steel News

LIBERTY Steel Looks to Acquire thyssenkrupp

19 October 2020 - LIBERTY Steel Group has put a non-binding offer on the table for thyssenkrupp’s steelmaking unit, saying that the combined companies would be in a better position to face Europe’s steel market challenges.

thyssenkrupp Investing in New Slab Reheat Furnace

12 August 2020 - thyssenkrupp has revealed plans to replace a hot strip mill reheat furnace, its first project under a new initiative to optimize its steel plants.

thyssenkrupp Teams With Electricity Producer on Hydrogen Development

10 June 2020 - thyssenkrupp has agreed to work with electricity generator RWE Generation on developing hydrogen infrastructure as the steelmaker looks to convert a blast furnace to hydrogen in 2022.

thyssenkrupp Keeping All Options Open for Steel Unit, Including Merger

19 May 2020 - thyssenkrupp is accelerating plans to reorganize its overall business and is exploring a potential merger of its steel unit, the company said Monday.

thyssenkrupp, Labor Union Agree to Long-Term Strategic Plan, Coronavirus Curtailments

25 March 2020 - thyssenkrupp and the IG Metall labor union have come to terms on a plan in which the company will shed 3,000 steel jobs over six years, but will invest EUR800 million in its plants during that time, thyssenkrupp has announced.

thyssenkrupp Appoints Permanent Chief Executive

23 March 2020 - thyssenkrupp interim chief executive Martina Merz has been given the job on a permanent basis, the steelmaker has announced. In a statement, thyssenkrupp said Merz will begin a three-year contract on 1 April.

thyssenkrupp Steel Europe Names New Executive Board Chairman

12 February 2020 - thyssenkrupp Steel Europe AG will have a new chairman of the executive board in March, the company has announced.

thyssenkrupp Still Open to Steel Merger

10 February 2020 - thyssenkrupp hasn’t given up on merging its steel business and is continuing to seek industry partners, reports commodities news and pricing service S&P Global Platts.

thyssenkrupp Shakes Up Executive Board With New Appointments

09 December 2019 - In a press release last week, thysskenkrupp Materials Services announced two significant changes to its executive board.

thyssenkrupp Testing Hydrogen Injection in Blast Furnaces

14 November 2019 - Looking to significantly reduce its carbon dioxide emissions, German steel producer thyssenkrupp has launched what it says is a series of first-of-a-kind tests into the use of hydrogen in a blast furnace.

thyssenkrupp Names New CEO

01 October 2019 - Martina Merz has taken the reigns of thyssenkrupp AG as of today, the company announced.

thyssenkrupp Board Launches Effort to Replace Its Top Executive

26 September 2019 - thyssenkrupp’s board of directors is moving to oust chief executive Guido Kerkhoff, who has held the job for nearly one year.

thyssenkrupp Receives Approval of Climate Targets

11 September 2019 - Science Based Targets initiative (SBTi) confirmed that with this approval, thyssenkrupp is also acting in line with the goals established at the 2015 Paris climate conference.

thyssenkrupp Appeals Decision on Blocked Joint Venture

22 August 2019 - thyssenkrupp is challenging an EU decision to block the planned merger of its steelmaking unit with Tata Steel's European strip business.

thyssenkrupp Materials Services Investing Over 70 Million Euros for Expansion Projects in Europe

21 August 2019 - thyssenkrupp Materials Services is expanding its European warehousing and logistics network in Germany, Poland and Hungary.

thyssenkrupp May Look to Sell Heavy Plate Business

13 August 2019 - thyssenkrupp has launched a review of its heavy plate business along with two others and may look to divest them, the company has said.

Thyssenkrupp Labor Leaders Call for Definitive Post-Merger Plan

27 June 2019 - Thyssenkrupp labor unions are demanding that the company develop a clear strategy for its steel unit now that plans to merge it with Tata Steel’s European strip business have fallen apart, the Reuters news service reports.

EU Says No to Tata, thyssenkrupp Deal

13 June 2019 - The European antitrust regulators have blocked thyssenkrupp and Tata Steel’s proposed European joint venture, officially ending a deal the companies decided to scrap last month.

Tata, thyssenkrupp Joint Venture Plan Falls Apart

10 May 2019 - Tata Steel and thyssenkrupp have all but called off plans to combine their European strip businesses, saying that they believe the deal is not likely to win approval from antitrust regulators.

Report: Tata, thyssenkrupp Offer List of Assets to Sell, Hope to Satisfy Competition Concerns

04 April 2019 - Tata Steel and thyssenkrupp are willing to divest assets in Belgium, Spain and the U.K. to win anti-trust approval for their proposed European int venture, reports the Bloomberg news service.