Steel News

Report: thyssenkrupp Weighs Potential Spinoff for Steel Unit

18 January 2021 - thyssenkrupp is said to be considering a spinoff of its steel division, the latest of potential paths for the German technology group’s flat-rolled business.

Blue Hydrogen Has a Role to Play in Decarbonization, thyssenkrupp Says

14 January 2021 - Natural gas can be a viable intermediate source of clean hydrogen for thyssenkrupp Steel Europe's Duisburg mill in Germany, but the German and European Union governments need to put a regulatory framework in place before any investments along those lines can be made, the steelmaker has concluded.

ANDRITZ Bags Forging Furnace Order

13 January 2021 - ANDRITZ has landed an order from a slewing bearings maker thyssenkrupp rothe erde for eight chamber-forging furnaces.

thyssenkrupp Signs with Primetals Technologies for Strip Mill Improvement

09 December 2020 - Primetals Technologies has been contracted to replace drives on a German hot strip mill, the company has announced.

thyssenkrupp Cracks Open the Books for LIBERTY Steel Group

02 December 2020 - thyssenkrupp has agreed to open its books to LIBERTY Steel Group, which has expressed an interest in acquiring the German technology company’s steel unit, reports the Reuters news service.

Germany, thyssenkrupp Discuss Rescue Plan

10 November 2020 - thyssenkrupp is negotiating a rescue package with the German government said to be worth EUR5 billion, according to the Bloomberg news service.

EU Steel Industry Faces Major Changes

22 October 2020 - The potential sale of thyssenkrupp’s steel unit is a reflection of the challenges faced by EU steelmakers, and of the industrywide changes that are afoot, reports Deutsche Welle.

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.