ThyssenKrupp news headlines & company reports.

ThyssenKrupp News

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


Thyssenkrupp resumes Steel spinoff: reports
Thu, 23 Mar 2023 00:00:00 GMT
Thyssenkrupp has resumed the spin-off of its Steel division that it suspended late last year, according to press reports. The group declined to comment on what it calls market rumours about its spin-off plans. The independence of the Steel division is part of thyssenkrupps integral strategy, the company tells Kallanish. Market rumours and media


Bullish sentiment prevails in Spanish rebar market; Italian producers ...
Fri, 10 Mar 2023 00:00:00 GMT
Steel distribution group Klckner & Co will be reorganising its sites in France this year, chief executive Guido Kerkhoff said at the groups annual press conference in Dsseldorf on Thursday. He emphasised that Klckner will not reduce its range of activities in the country, but mainly rearrange locations to operate more effectively, which means


Germany's ThyssenKrupp Steel orders direct reduction plant in ...
Thu, 02 Mar 2023 00:00:00 GMT
Germanys ThyssenKrupp Steel said March 1 that it has ordered a hydrogen-powered direct reduction plant from Dusseldorf-based engineer SMS to launch one of the worlds largest industrial decarbonization projects, set to eliminate more than 3.5 million mt/year of CO2 emissions. SMS will carry out engineering, delivery and construction of the direct reduction plant at


Air Liquide completes hydrogen pipeline for thyssenkrupp
Tue, 27 Dec 2022 00:00:00 GMT
Industrial gas company Air Liquide has completed a pipeline leading to thyssenkrupp Steel in Duisburg. The approximately 4km pipeline connects the Duisburg steel mill site with Air Liquides hydrogen network in the Ruhr district, Kallanish learns. The line is part of the H2Stahl laboratory sponsored by the German Federal Ministry for Economic Affairs and


ArcelorMittal establishes climate-neutral steel R&D unit ...
Fri, 16 Dec 2022 00:00:00 GMT
ArcelorMittal has established a German research and development (R&D) unit for the production of climate-neutral steel. The department is headquartered in Hamburg, where a newly created team will work closely with ArcelorMittals global research and development department and the four German sites in Bremen, Duisburg, Eisenhttenstadt and Hamburg. Research into the use of hydrogen



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