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The Latest Breaking News from ThyssenKrupp

Global steel crisis deepens as oversupply reaches alarming levels, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Euronews

thyssenkrupp Q2 Earnings Call Highlights

thyssenkrupp (ETR:TKA) said restructuring measures and cost controls helped lift second-quarter adjusted earnings despite weaker reported sales and a still-challenging demand environment, while management reaffirmed key full-year targets and pointed to potential upside from a changing European steel

MarketBeat

High carbon costs, negative energy prices: EU confronts electricity price conundrum

EU leaders will discuss options to reduce electricity prices at a March summit. Among them are decoupling electricity from gas prices and addressing the emergence of negative energy prices, which make producers pay consumers for the power they use.

Euronews

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Shares in Germany’s Thyssenkrupp slide as it forecasts heavy losses

Thyssenkrupp is entangled in a restructuring process as it seeks to shore up its finances, hit by high energy costs and cheap competition.

Euronews

Billions at stake: Chancellor Merz backs European patriotism for steel

If German steel production moves abroad, researchers warn this could result in a loss of up to €50 billion per year in value added.

Euronews

Thyssenkrupp Spins Off Warship Unit To Tap Defence Boom

Shares in Thyssenkrupp's naval unit surged Monday as it was spun off from the German industrial giant, highlighting the buzz around European defence firms as the continent rearms amid a growing Russian threat.

International Business Times

Stocks end down as Fed policy meeting begins

It follows the release of industrial and retail data in the US.

The Independent UK

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Thyssenkrupp Says India's Jindal Steel Makes Bid For Steel Business

India's Jindal Steel International has made an offer for Thyssenkrupp's steel division, the German company said Tuesday, in what would be a mega-deal for the struggling industrial titan.

International Business Times

Are sovereign wealth funds dumping Israeli investments?

The world’s largest fund will review its investment in Israeli companies amid Israel’s growing diplomatic isolation.

Al Jazeera

Global firms ‘profiting from genocide’ in Gaza, says UN rapporteur

Report by Francesca Albanese singles out companies such as Palantir and calls for prosecutions

The Guardian - UK

Norwegian pension fund divests from companies selling to Israeli military

KLP, Norway’s largest pension fund, will no longer do business with two companies, one US, the other German.

Al Jazeera

Trump tariffs could wipe out European steel sector, senior industry figure says

ThyssenKrupp executive warns of ‘collateral damage’ to supply chains and urges protective action on energy pricing

The Guardian - UK

Could the resurgence of Germany’s steel industry help to revive its economy?

US President Donald Trump's 50% tariffs on steel and aluminium imports come into effect today. But could Germany's defence industry be paving the way for a steel boom?

Euronews

European steel stocks rebound as Trump doubles steel tariffs to 50%

The share prices of European steel companies, including Thyssenkrupp and ArcelorMittal, all rose on Wednesday morning.

Euronews

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International Business Times

Struggling German Steel Giant Thyssenkrupp Plans Major Overhaul

Thyssenkrupp said Monday it planned a major overhaul that will split the vast conglomerate into several standalone businesses, fuelling fears about further job losses and a looming break-up of the historic German industrial titan.

International Business Times

Struggling Steel Giant Thyssenkrupp's Shares Slump After Profit Hit

Thyssenkrupp's shares slumped Thursday after it reported worse-than-expected earnings and its steel business took a fresh hit, in more bad news for the struggling German industrial titan.

Euronews

Green steel as a lifeline? EU Commission protects European metal industry from unfair competitors

Europe's steelworkers are furious. They are afraid for their jobs. Is there still a future for Europe's heavy industry? Yes, says the European Commission - and presents a rescue plan.

Fortune

German Fortune 500 companies announced over 60,000 layoffs this year

German giants including Bosch, Thyssenkrupp, and Deutsche Bahn have axed thousands of jobs this year.

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International Business Times

Crisis-hit Thyssenkrupp Books Another Hefty Annual Loss

Once a symbol of German industrial might, Thyssenkrupp has suffered as high manufacturing costs at home, falling prices for its products and fierce competition from Asian rivals hammered its traditional steel business.

International Business Times

Thyssenkrupp Warns Nearly 30,000 Steel Workers To Prepare For 'Tough Cuts'

The alert came after a Thursday management shake-up in the German conglomerate's steel division

AAP

Aussies join fight to clean up world's 'dirty' ships

The outlook for green methanol to replace emissions-dirty shipping fuel is bright, as the inking of a new multi-billion dollar deal in Australia shows.

TechRadar

One of the world's largest steel makers has been hit by a cyberattack — and its automotive division had to shut down to contain it

ThyssenKrupp confirms attack, saying its automotive department was forced offline.

Top News

Thyssenkrupp Steel Workers Caution Against Major Restructuring

Thyssenkrupp steel workers express concerns over proposed restructuring, emphasizing transparency and employee well-being in the face of market challenges.

The Hindu

Woman's death in lift: Noida police lodges FIR against society's maintenance firm, office-bearers, lift maker

Noida police lodge FIR against maintenance firm, residents' body & ThyssenKrupp for negligence leading to 72-yr-old's death in lift free fall.

Radio France Internationale

India picks Germany to supply new submarines as Russian arms exports wane

Germany will build six submarines for the Indian Navy in its largest weapons deal with the South Asian country in 42 years. It makes Germany the latest Western nation to nibble at India's vast arms import market as supplies of Russian weapons dry up.

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