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Thyssenkrupp sees steel market deteriorating, M&A talks unaffected ...
Thu, 19 Oct 2023 00:00:00 GMT
Thyssenkrupp TKAG.DE has seen conditions in the steel market deteriorate markedly, the chairman of the companys steel division said on Wednesday, but added efforts to partially sell the unit were unaffected for now. The German conglomerate said that previously optimistic earnings expectations in the steel market had been significantly dampened by a mix of economic weakness in Germany and other markets as well as higher raw materials and energy costs. At the same time, cheap Chinese steel

Fives to supply galvanizing line to Ternium
Wed, 23 Aug 2023 14:05:00 GMT
Ternium, a manufacturer of flat and long steel products, has selected Fives to design and supply a galvanizing line for its plant in Pesquera,

Stahlmarkt-Consult questions subsidies for steel industry's energy ...
Mon, 24 Jul 2023 00:00:00 GMT
The European steel industry is about to enter a long-term period of tax-payer-funded subsidisation, a mechanism that is highly questionable from an economic point of view, says German consultant Andreas Schneider. Last Thursday, the European Commission gave the green light for German public funding for thyssenkrupps tkH2Steel project to the tune of 2 billion

Tk Materials develops Automotive Circularity Platform
Mon, 17 Jul 2023 00:00:00 GMT
Thyssenkrupp Materials Services is developing a digital platform to increase end-of-vehicle-life recycling and availability of valuable secondary materials that can be recovered from automobiles at the end of the consumer-use cycle. With its Automotive Circularity Platform (ACP), the company is seeking to digitalise the market for secondary materials recovered from end-of-life vehicles (ELVs). For

Knauf Interfer to source green steel from thyssenkrupp
Thu, 15 Jun 2023 00:00:00 GMT
Knauf Interfer and thyssenkrupp Steel Europe have signed an agreement for the purchase of CO2-reduced steels, Kallanish hears from the German steel distribution group. The agreement concerns the groups Knauf Interfer Stahl Service Centre, Knauf Interfer Cold Rollingand Knauf Interfer Automotive Blanks units. Starting this year already, thyssenkrupp Steel Europe plans to supply the units with

H2 Green Steel, Thyssenkrupp Nucera to develop Swedish electrolysis ...
Tue, 23 May 2023 00:00:00 GMT
Swedish low carbon steel developer H2 Green Steel and Thyssenkrupps electrolyzer business announced May 22 that they are to jointly build an electrolysis plant to provide hydrogen for green steel production at the formers Boden plant, in northern Sweden. The project will use alkaline water electrolysis technology to secure capacity of more than 700

Thyssenkrupp distribution profit falls as prices normalise
Mon, 15 May 2023 00:00:00 GMT
Despite tonnages rising slightly year-on-year, thyssenkrupp Materials Services saw xxx earnings drop due to normalised steel prices,Kallanishhears from the company. Order intake came to 3.9 billion ($4.2 billion), down from the record prior-year figure of 4.5 billion; revenue was virtually identical in both periods. The drop was even more obvious for earnings, with adjusted

Emirates Steel negotiates thyssenkrupp stake acquisition: reports
Fri, 28 Apr 2023 00:00:00 GMT
Abu Dhabi-based steelmaker Emirates Steel Arkan (ESA) is in talks to acquire a stake in German conglomerate thyssenkrupp AGs steel unit, with a formal bid expected in months, Bloomberg reports. No concrete developments are expected until after Miguel ngel Lpez Borrego takes over from the outgoing Martina Merz as thyssenkrupp chief executive on 1 June. ESA

Thyssenkrupps new CEO faces impossible task: selling steel
Thu, 27 Apr 2023 00:00:00 GMT
Thyssenkrupps TKAG.DE incoming chief executive faces the same task his three predecessors failed to get done: divesting its 200-year-old steel business on which the iconic German conglomerate was built. Just how tough it is became clear on Monday when Martina Merz threw in the towel and asked to terminate her CEO contract five years early, a consequence of growing opposition to a plan to hive off the groups steel division, Europes second-largest. The sudden move, which caused the groups

Spaeter Group and Salzgitter sign green steel supply agreement
Wed, 26 Apr 2023 00:00:00 GMT
Germanys Spaeter Group and steelmaker Salzgitter have entered into a partnering agreement for the delivery of green steel, the two companies said on April 25. Operating out of Duisburg, the Spaeter Group is one of Germanys largest family-owned steel traders with revenues of more than Eur2.1 billion in 2022. The Spaeter Group has secured

Tenaris to Increase its Participation in Usiminas Control Group
Thu, 30 Mar 2023 00:33:00 GMT
LUXEMBOURG , March 30, 2023 (GLOBE NEWSWIRE) -- Tenaris S.A. (NYSE and Mexico : TS and EXM Italy: TEN) announced today that its Brazilian subsidiary Confab Industrial S.A. , together with its affiliates Ternium Investments and Ternium Argentina, all of which compose the T/T group within

Thyssenkrupp Materials tackles customers' Scope 3 emissions
Fri, 24 Mar 2023 00:00:00 GMT
Thyssenkrupp Materials Services says it has started offering emission reduction certificates with which customers can offset emissions along their own production and value chains. The certificates, called Voluntary Carbon Credits (VCCs), are selected in accordance with careful criteria that must be reviewed and developed continuously, the company tells Kallanish. When selecting projects, the question

Number of ThyssenKrupp company news reports: 12
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