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TK to maintain quality with DRI process; uncertainty lingers ...
Thu, 18 Mar 2021 00:00:00 GMT
German steelmaker Thyssenkrupp will be able to produce the same steel qualities with the companys low-carbon-emission steelmaking processes, but regulatory uncertainty in green steelmaking persists, the company said March 17. Thyssenkrupp published the findings of an external study conducted by RWTH Aachen University on the companys model for integrating the direct reduction process into

EU steel still open for consolidation after ThyssenKrupp-Liberty ...
Fri, 19 Feb 2021 00:00:00 GMT
The European steel industry still has room for consolidation within its ranks, the former director general of European steel distribution association EUROMETAL said Feb 18, a day after ThyssenKrupp said it had pulled out of sales talks for its European steel unit with Liberty Steel. Whatever is the outcome of the ThyssenKrupp deal, the

Thyssenkrupp AG Earnings beat, Revenue misses In Q1
Wed, 10 Feb 2021 12:22:05 GMT - Thyssenkrupp AG (DE:TKAG) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Thyssenkrupp AG announced

Thyssenkrupp raises full-year forecast on automotive recovery
Wed, 10 Feb 2021 07:22:05 GMT
FRANKFURT Reuters - German conglomerate Thyssenkrupp (DE:TKAG) on Wednesday raised its full-year outlook for sales, cash flow and profits, citing improved demand for automotive components

Liberty Steel's funding plan for Thyssenkrupp lacks clarity -IG ...
Thu, 04 Feb 2021 17:22:04 GMT
DUESSELDORF Reuters - A bid by Britain's Liberty Steel for the steel division of Germany's Thyssenkrupp (DE:TKAG) still lacks clarity on financing, a leader for the powerful IG Metall union

Thyssenkrupp CEO reiterates it will keep all options for steel ...
Tue, 02 Feb 2021 00:00:00 GMT
Thyssenkrupp will not be giving an update on the sale of its steel unit until March, while the now firmed up offer by Liberty Steel is being examined. The German industrial group will also continue to consider a spin-off of the steel unit as a possibility, Thyssenkrupp CEO Martina Merz said in

Liberty Steel bid still contains open issues: Thyssenkrupp CEO
Mon, 01 Feb 2021 08:22:04 GMT
FRANKFURT Reuters - A bid Britain's Liberty Steel has submitted for Thyssenkrupp (DE:TKAG)'s steel division needs to be clarified in ongoing discussions between the two firms, the German

Britain's Liberty Steel firms up offer for Thyssenkrupp steel ...
Mon, 25 Jan 2021 14:16:06 GMT
FRANKFURT Reuters - Britain's Liberty Steel, Europe's fourth-largest steelmaker, on Monday said it has submitted an updated offer for the steel division of Germany's Thyssenkrupp (DE:TKAG).

Liberty submits firm bid for ThyssenKrupp Steel Europe
Mon, 25 Jan 2021 00:00:00 GMT
UK-based steelmaker Liberty Steel will submit its firm bid for ThyssenKrupp Steel Europe today, sources close to the situation said. The bid values the lossmaking unit at several billion euros, and follows the non-binding indicative offer it made a few months ago. Investment bank Jefferies has valued the unit at around 1bn. Should Liberty

Thyssenkrupp shares rise on steel spin-off report
Mon, 18 Jan 2021 18:22:04 GMT
FRANKFURT Reuters - Shares in Thyssenkrupp (DE:TKAG) rose on Monday as traders pointed to a Bloomberg report which said that the group was considering a spin-off of its steel business,

Study finds blue hydrogen feasible for thyssenkrupp steel
Wed, 13 Jan 2021 00:00:00 GMT
Norwegian-based energy company Equinor, gas transmission system operator OGE, and thyssenkrupp Steel Europe have concluded their joint feasibility study on blue hydrogen for tk Steels mills. The study finds that the decarbonised production and supply of blue hydrogen from natural gas to Germanys largest steel plant in Duisburg is technically feasible, the partners say.

Liberty Steel to start due diligence on Thyssenkrupp steel business
Wed, 02 Dec 2020 16:21:55 GMT
LONDON Reuters - Liberty Steel, which last month announced a non-binding indicative offer for Thyssenkrupp (DE:TKAG) Steel Europe, will soon start looking into its financial records, it said

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