BO Types Filter
03.12.2024
High Strength Astm SS400 Q355 en10025 A36 Q235 Q345 Structural Sheet Mild Carbon Steel Plate
02.12.2024
Hot Dipped Galvanized Steel Coil Roll For Roof Tiles
29.11.2024
1.0mm 0.6MM Coils Prepainted cold rolled steel Steel Galvanized Galvanized Steel coil
28.11.2024
Abrasion Carbon Steel NM360 NM400 NM500 NM600 Wear Resistant Steel Plate On Sale
27.11.2024
China iron steel factory best quality hot dipped galvanized steel coil steel plate
26.11.2024
Steel Rebar China 10MM 12MM 15MM 20MM 25MM
25.11.2024
0.8 MM Coils Prepainted Galvalume Steel Roof ISO Steel Galvanized Galvanized Steel Sheet
22.11.2024
A588grb Q235nhb Q355nh Q355nhb Corten B Steel Plate Weather Resistant Steel Sheet
22.11.2024
astm a572 a992 50mm hb622 q345b size 10x4x12/100*100mm /100mm x 100mm x 3mm carbon steel iron i/h-type beams
22.11.2024
China Direct Sales Cheap ASTM A572 A36 Q195 Hot Selling Coil 2mm Iron Corten Carbon Steel Sheet Plate Aisi 1018 Astm A50 Coated
Steel & Metal
- Germany -

Thyssenkrupp Approves Sale of 20% Stake in Steel Division

Thyssenkrupp AG has announced that its supervisory board has approved the sale of a 20% stake in its steel division to Czech energy company EP Corporate Group (EPCG) .

The executive board of Thyssenkrupp reached an agreement in principle with EPCG at the end of April for the stake sale.

The supervisory board's decision was made possible by the chairman's use of a double vote, which went against the votes of employee representatives.

IG Metal, the German metalworkers' union, has expressed concerns about the speed and lack of transparency in the process, stating that the result based on the chairman's double vote "has buried the last hopes for a fair and democratic co-existence [of employers and employees]" . However, the union clarified that it does not oppose EPCG's participation in principle, but criticizes the "blind activism" during which it was not properly informed.

Thyssenkrupp emphasized that the strategic partnership with EPCG combines the materials capabilities of Thyssenkrupp Steel Europe with EPCG's energy expertise, which is seen as a significant contribution to securing the future of the steel industry in Germany.

The sale of the 20% stake is part of Thyssenkrupp's ongoing transformation and restructuring efforts, which also include the planned spin-off of its marine business and the decarbonization of its steel production.

Zaporizhstal Increases Rolled Steel Production by 11.1% in November

Turkey’s Steel Industry Plans to Increase Utilization to 70% in 2025

Italian Crude Steel Output Increases

Benelux Scrap Market Stabilizes Amid Thin Inflows

Shagang Holds Long Steel Prices Steady for Early December Sales

Lisco and Danieli Advance DRI Project

Brazilian Steel Importers Exhaust 74% of Quotas by January 2025

US Raw Steel Production Declines 1.0 Percent

Italian Plate Producers Push Up Prices

Blastr Green Steel to Supply Ultra-Low Carbon Steel to Interfer Edelstahl Group

Steel Consumption in Turkey Decreases by 1.8% Year-on-Year

Ukrainian Railways to Resume Scrap Sales Soon

Hadeed Increases Rebar Prices for December Deliveries by SAR 50

POSCO Group to Invest in Robotics Firm Neuromeka to Enhance Steel Business