Salzgitter and thyssenkrupp Steel, co-owners of Hüttenwerke Krupp Mannesmann (HKM), have decided against increasing their stake in the company. Instead, they are prioritizing a sale of the 20% stake currently held by Vallourec.

This decision comes amid ongoing challenges in the steel market, with both companies expressing a lack of interest in further investment in HKM. The focus remains on finding a buyer for the stake rather than pursuing an increase in ownership, reflecting the difficult market conditions they face.