After two years of construction, Thyssenkrupp takes new high-tech systems in Duisburg and thus modernizes steel production. The 10-euro mark is also approaching.
• Large investment pays off: new high-tech systems
• Transformation course at a glance
• A share is approaching the 10-euro mark
Despite persistent customs conflicts, steel shares are required at the start of the week. Thyssenkrupp in particular is one of the biggest winners in the MDAX. While the focus is often on the planned IPO of the marine division, there are also positive developments in the steel business.
Thyssenkrupp puts new bast pouring system and warm tape in operation
After around two years of construction, Thyssenkrupp Steel Europe has completed a central major investment at the Duisburg location. With an investment of around 800 million euros, the project is one of the largest in the company’s history. The focus is on the new strand pouring system 4, the extensively modernized Warm tape 4 with two new lifting beam stoves and fully automated bridging logistics. These high-tech systems replace the casting roller system that is over 20 years old and enable much more efficient, more precise and more flexible steel production.
“The new plant network is a fresh cell treatment for essential elements of our production network. We now have one of the most modern production associations in the European steel industry,” said Dennis Grimm, CEO of Thyssenkrupp Steel.
The new system concept allows a higher casting and rolling capacity, improves the material quality and expands the product range- especially for e-mobility and energy transition.
“With the new investment technology in Duisburg, an important step towards modernizing steel production in NRW is implemented. The investment shows entrepreneurial responsibility for the location and contributes to increasing quality, efficiency and flexibility. It strengthens industrial added value in areas such as vehicle construction and energy supply. Neubaur according to the corresponding press release.
Radical conversion despite difficult market conditions
Thyssenkrupp also continues his transformation course, although the business figures are under pressure in the second quarter of 2024/2025. Both the order input as well as sales and adjusted EBIT weakened compared to the previous year, but remained in the positive area. Remarkably, the group was even able to increase its profit after taxes over the previous year’s level.
Despite the challenging framework conditions, management adheres to its annual forecast and expects a significant improvement in the annual surplus. The Group -wide efficiency program APEX continues to provide positive result impulses and support the operational figures in a difficult environment.
Financially stabilized and strategically repositioned
A remarkable success of the previous restructuring is evident in the balance sheet: After the repayment of the last outstanding bond, Thyssenkrupp is now almost free of banking and capital market debt. This financial stabilization gives management more scope for the further transformation steps.
As early as 2025, the group was able to reach important milestones. The sale of the electrical steel division in India was completed for 440 million euros, and the EP Group has entered the steel business with 20 percent. At the same time, the preparation of a outsourcing in the naval business is running, while Thyssenkrupp Decarbon Technologies continues to focus on the transformation for green production.
This is how the Thyssenkrupp share reacts
Most recently, Thyssenkrupp’s paper won 5.08 percent to EUR 9.67, which means that the share approaches a double-digit course again.
Editor finance.net
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