thyssenkrupp stock rises as green-steel project slips to 2029
Published on 11/10/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGreen steel delay tests strategy
- A European Commission document and a company spokeswoman point to a 2029 start for the Duisburg direct reduction plant.
- Thyssenkrupp Steel says construction continues and the estimated project cost remains unchanged.
- Hydrogen availability, infrastructure and pricing remain central to the plant's eventual ramp-up.
thyssenkrupp stock traded at 12.66 euros on Lang & Schwarz at 11:06 CET on Tuesday, November 10, 2026, 2.76 percent above the Xetra close of Monday, November 9. The move came as investors assessed a two-year delay to the group's flagship green-steel project in Duisburg.
Plant start moves to 2029
As Energynews reported on November 9, a European Commission document confirms that the direct reduction unit is now scheduled to start in 2029. The project had previously been expected to begin operations two years earlier.
The document attributes the delay to construction hold-ups linked to the innovative nature of the project. A spokeswoman for thyssenkrupp Steel said adjustments to the execution process and timetable were not exceptional for a project of this scale and that work was progressing.
The facility is designed to replace one of four blast furnaces at the Duisburg site. It is intended to use hydrogen instead of coke and eventually rely on green hydrogen produced from renewable energy. The project is a central part of thyssenkrupp Steel's planned shift toward lower-carbon production.
Costs and hydrogen remain key
Germany awarded thyssenkrupp 2 billion euros in public support in 2023 for the conversion project. The total project cost is estimated at 3 billion euros. According to the company statement cited by Energynews, the timetable change does not alter that estimate.
Thyssenkrupp Steel is still studying possible compensation and acceleration measures. The project's economics remain exposed to hydrogen supply conditions: production capacity, pipelines and import routes are not yet available at the required scale, while green hydrogen prices remain higher than initially expected.
The delay therefore changes the timing of potential green-steel output without, according to the company, changing the stated investment envelope. For shareholders, the key questions are whether construction milestones remain on track, whether the hydrogen procurement framework can support a later ramp-up and whether the steel division's restructuring creates additional financial pressure.
thyssenkrupp AG market facts
- Company: thyssenkrupp AG
- ISIN: DE0007500001
- Lang & Schwarz price: 12.66 euros at 11:06 CET on November 10, 2026
- Change: 2.76 percent above the Xetra close of November 9, 2026
- Xetra close: 12.32 euros on November 9, 2026
European industrial shares remain sensitive to energy costs and Chinese steel overcapacity; investors can follow the DAX market environment.
Further developments on the project and the group's transformation can be followed through More news and analyses on thyssenkrupp stock.
