Headlines
Thyssenkrupp sticks with green steel plant, but calls for 'adjusted' conditions
Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on June 20, 2025
1 min readLast updated: January 23, 2026
Thyssenkrupp is committed to building a green steel plant in Duisburg but calls for better conditions to ensure economic viability.
FRANKFURT/DUESSELDORF (Reuters) -Thyssenkrupp is sticking with plans to build a 3 billion euro ($3.5 billion) green steel site in the German city of Duisburg after rival ArcelorMittal scrapped similar plans, but called on the government to ensure more favourable conditions to make it work.
"We are sticking to our plan to complete the first direct reduction plant in Duisburg," Thyssenkrupp Steel Europe (TKSE) said in a statement.
"However, for the transformation to succeed under economically viable conditions, the framework conditions need to be adjusted and more speed is needed to expand the relevant infrastructure, particularly with regard to the hydrogen network and the securing of competitive energy prices."
($1 = 0.8678 euros)
(Reporting by Christoph Steitz and Tom Kaeckenhoff; editing by Matthias Williams)
Thyssenkrupp is investing 3 billion euros ($3.5 billion) to build a green steel site in Duisburg.
Thyssenkrupp stated that for the transformation to succeed, the framework conditions need to be adjusted and infrastructure expansion must be expedited.
Unlike ArcelorMittal, which scrapped similar plans, Thyssenkrupp is committed to completing its first direct reduction plant in Duisburg.
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