Thyssenkrupp stock faces two-year delay for green steel

Published on 11/09/2026 at 11:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thyssenkrupp stock faces a two-year delay for green steel production in Duisburg. The company says project costs remain unchanged.

Green steel timeline moves back

Thyssenkrupp's Duisburg direct reduction plant is now expected to start in 2029.
The company says the schedule change does not alter the project's estimated total cost.
Management is studying compensation and acceleration measures while steel-market conditions remain challenging.

ThyssenKrupp, DE0007500001, Illustration mit AI erstellt.

Thyssenkrupp is pushing back the planned start of green steel production in Duisburg to 2029, according to a report published by Energynews on Monday, November 9, 2026. The report cites a European Commission document from July and a statement by a thyssenkrupp Steel spokeswoman.

The direct reduction unit was previously expected to begin operations two years earlier. The project is intended to replace one of thyssenkrupp's four Duisburg blast furnaces and eventually use green hydrogen instead of coke. The company described timetable adjustments as normal for a project of this scale and said work is progressing.

Costs and funding remain in focus

The project has received 2 billion euros in German government support and carries an estimated total cost of 3 billion euros. According to the company statement cited by Energynews, the schedule change will not alter that cost estimate. Possible compensation and acceleration measures remain under review.

The delay adds execution risk to thyssenkrupp's broader restructuring. The group is pursuing a transformation into a financial holding company while preparing further changes around its steel operations. The green steel unit is meant to reduce the group's reliance on conventional blast-furnace production, but hydrogen costs and Europe's still-developing transport infrastructure remain important constraints.

Thyssenkrupp stock traded at 12.04 euros on Lang & Schwarz at 11:46 CET on Monday, November 9, 0.84 percent above the Xetra close of Friday, November 6. The latest quote provides a market reference, while the project's revised timetable gives investors a new milestone to monitor in the group's steel strategy.

Investors can follow the real-time quote of Thyssenkrupp stock on the trading page.

The broader German equity backdrop is covered in the DAX market overview.

Further developments can be followed in more news and analyses on Thyssenkrupp stock.