Thyssenkrupp Pushes Duisburg Green-Steel Start to 2029 as Funding Terms Get Final Approval
Published on 11/09/2026 at 02:40 | Editorial boerse-global.de
Thyssenkrupp's flagship decarbonisation project has a new timeline and a revised rulebook. The amended funding notice for tkH2Steel took effect on 30 October, and the company says it clears the way for more flexible hydrogen use and commercially viable conditions at the Duisburg site. The confirmation came just as the group's steel unit began preparing a fresh tender for long-term hydrogen supply — a preparatory step only, with no completed award announced.
Direct Reduction Plant Slips Two Years
Commissioning of the direct reduction plant is now scheduled for 2029 rather than the original 2027, according to a Handelsblatt report on Friday. A spokesperson for Thyssenkrupp Steel Europe confirmed the shift and pointed chiefly to the engineering phase. Media reports put the project's volume at roughly EUR 3 billion; the plant is intended to produce green steel.
Goldman Sachs Reports Reduced Aggregate Position
Goldman Sachs disclosed a lower overall holding in Thyssenkrupp on Thursday. The mandatory notification separates voting rights attached to shares, at 1.01%, from positions held through instruments, at a further 3.24%. The aggregate figure therefore should not be read as a pure equity stake.
LBBW Cuts Target, Keeps Buy Rating
On Wednesday, LBBW lowered its price target for Thyssenkrupp to EUR 18 from EUR 19 while reaffirming its buy recommendation. The research house trimmed its valuation without altering its rating on the stock.
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Strike Action Spreads Across the Group
Thyssenkrupp Steel Europe employees in Chemnitz joined a four-hour IG Metall warning strike on Friday, part of the ongoing pay dispute in the metal and electrical industry. The union's warning-strike campaign had opened on 1 November, when night-shift workers at Thyssenkrupp Rasselstein in Andernach downed tools for a limited period after the peace obligation expired.
tk accelis Spin-Off Complete, Majority Retained
Thyssenkrupp reported a completed restructuring milestone on 28 October: trading in tk accelis began, finalising the spin-off of the materials trader and services provider. Thyssenkrupp remains the majority shareholder with 51%.
Chlor-Alkali Plant Live in India
Separately, subsidiary Thyssenkrupp nucera commissioned a chlor-alkali facility for Kutch Chemical Industries in Padana, India, on Thursday. According to nucera, the plant has an annual production capacity of 220,000 tonnes of caustic soda.
Thyssenkrupp at a turning point? This analysis reveals what investors need to know now.
December 8 in the Diary
Thyssenkrupp has scheduled publication of its 2025/2026 annual report for 8 December 2026. The same date will host the annual conference alongside the analyst and investor conference.
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Thyssenkrupp Stock: New Analysis - 9 November
Fresh Thyssenkrupp information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
