Finance
Decision on steel joint venture HKM's future still pending, Salzgitter says
Published by Global Banking & Finance Review®
Posted on November 10, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 10, 2025
2 min readLast updated: January 21, 2026
Salzgitter's decision on HKM's future remains pending, affecting stakeholders like Thyssenkrupp and Vallourec. Job security concerns rise.
By Bernadette Hogg and Emanuele Berro
(Reuters) -No decision has been made yet on the future of steel processing firm Huettenwerke Krupp Mannesmann (HKM), jointly owned by Thyssenkrupp Steel Europe, Salzgitter and Vallourec, Salzgitter's finance chief Birgit Potrafki said on Monday.
In February, Thyssenkrupp Steel Europe said investor CE Capital Partners had broken off talks about a potential purchase of HKM and that it believed the firm would have to be shuttered if no buyer was found.
Salzgitter CEO Gunnar Groebler had in August said the company hoped to clarify its position on HKM's possible closure by the end of September.
"We are still evaluating and deciding about various options that are on the table," Potrafki said in a post-earnings call with analysts.
Thyssenkrupp owns 50% of the shares in HKM, with Salzgitter holding 30% and Vallourec 20%.
German metalworkers union IG Metall in April threatened strikes at HKM after Thyssenkrupp Steel Europe cancelled its delivery contract with the venture, threatening jobs.
Thyssenkrupp Steel Europe's obligation to buy 2.5 million tonnes of steel per year from HKM is set to run out at the end of 2032 at the latest. HKM employs around 3,000 people.
(Reporting by Bernadette Hogg and Emanuele Berro in Gdansk, editing by Milla Nissi-Prussak)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.
Corporate strategy refers to the overall plan for a company, outlining how it will achieve its goals and objectives, including resource allocation and competitive positioning.
Employment opportunities refer to available jobs or positions within an organization or industry, providing individuals the chance to work and earn income.
An investment is an asset or item acquired with the goal of generating income or appreciation. It can include stocks, bonds, real estate, or business ventures.
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