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Home > Finance > Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says

Finance

Thyssenkrupp can't guarantee $3.3 billion green steel site will be economical, CEO says

Published by Global Banking and Finance Review

Posted on March 19, 2025

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FRANKFURT (Reuters) - A planned 3-billion-euro ($3.3 billion) site Thyssenkrupp is building in Duisburg to make carbon-neutral steel could be stranded unless Germany ensures there's sufficient green hydrogen to supply it, the conglomerate's CEO said.

"With this project we are not only pushing the boundaries of what is technologically feasible. We are also currently operating at the limits of economic viability. Or, as things stand today: beyond it," Miguel Lopez said.

($1 = 0.9180 euros)

(Reporting by Christoph Steitz, Editing by Miranda Murray)

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