Thyssenkrupp stock faces 2029 start for Duisburg green steel

Thyssenkrupp Steel Europe has pushed back the planned start of its direct-reduction plant in Duisburg to 2029 from the original 2027 target. The company cited the engineering phase as the principal cause, according to Shanghai Metals Market.

For investors, the delay extends the execution period for one of thyssenkrupp's most important decarbonization projects. The plant is intended to replace one of the Duisburg site's coal-based blast furnaces and support a lower-carbon production route for Thyssenkrupp Steel Europe.

Hydrogen Supply Remains Central

The project carries a price tag of roughly 3 billion euros and is backed by state funding of up to 2 billion euros. Thyssenkrupp is preparing a new hydrogen tender after receiving a legally binding amended notice on the project's funding conditions at the end of October.

The revised framework gives the company more flexibility to phase in hydrogen, while natural gas can play a larger role during the transition. That flexibility addresses a difficult operating environment in which hydrogen supply is tight and costs remain high, but it also underlines the project's exposure to energy prices, infrastructure and future carbon costs.

Thyssenkrupp stock traded at 12.17 euros on Lang & Schwarz at 11:31 CET on Friday, November 13, 2.25 percent below the Xetra close of Thursday, November 12. The move places the share near the lower end of its recent trading range and keeps project execution in focus alongside the group's broader transformation.

In the broader German market, investors can follow the DAX as a benchmark for industrial shares.

The next scheduled company milestone is the publication of thyssenkrupp's 2025/2026 annual report on December 8, followed by the annual press conference and an analyst and investor call. More news and analyses on thyssenkrupp stock.