Thyssenkrupp Opens Hydrogen Tender for tkH2Steel While Duisburg Green-Steel Launch Slips to 2029
Published on 11/10/2026 at 09:31 | Editorial boerse-global.de
Thyssenkrupp Steel is lining up a fresh tender for long-term hydrogen supply as it reshapes the ramp-up of its flagship green-steel programme, the company said, with the procurement process now in preparation.
The move follows the receipt of the final amended funding notice for tkH2Steel, which gives the steelmaker more room to pace its hydrogen use against availability and economic viability rather than a fixed schedule. Under the revised terms, the company can align the ramp-up with whether hydrogen is actually on hand and whether deploying it makes commercial sense.
Direct-reduction unit pushed back two years
The timetable for the Duisburg project has shifted at the same time. Thyssenkrupp Steel Europe told AFP that green-steel production will now begin in 2029 rather than 2027. Media reports tie the delay to the planned commissioning of the direct-reduction plant in Duisburg. A spokesperson for the unit confirmed the postponement, pointing chiefly to the engineering phase.
According to the company, the definitively revised funding conditions provide planning certainty for tkH2Steel — the framework within which the more flexible hydrogen ramp-up and the new supply tender sit side by side.
Should investors sell immediately? Or is it worth buying Thyssenkrupp?
Steel Europe groomed for a possible listing
Beyond Duisburg, the group is reordering its steel operations. CEO Miguel López told Reuters on 28 October that Thyssenkrupp is preparing Steel Europe for a possible stock-market spin-off, after talks with potential partners came to nothing.
One separation is already done: roughly two weeks ago, tk accelis began trading as an independent listed company, with Thyssenkrupp retaining a 51% majority stake, according to company statements.
Shares advance amid broader recovery
The equity drew buyers in the previous session, climbing 5.0% to close at €12.45 as the German market staged a broad rebound. The MDAX also gained noticeably, with falling oil prices and a recovery on Wall Street cited as supports for sentiment. In early trading today, the stock was down 0.2%.
Thyssenkrupp at a turning point? This analysis reveals what investors need to know now.
Investors now look ahead to the 2025/2026 annual report, scheduled for 8 December, which will be accompanied by an annual press conference and a call for analysts and investors.
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