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thyssenkrupp AG (TKA.DE)

XETRA - XETRA Delayed Price. Currency in EUR
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4.5950-0.2060 (-4.29%)
As of 4:54PM CEST. Market open.
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  • Reuters

    German economy minister says EU will support steelworkers

    German Economy Minister Peter Altmaier said the European Union would support steelworkers through the transition to environmentally-friendly manufacturing, even though this would be more costly at a time of global overcapacity. Speaking before a meeting of EU trade ministers in Berlin on Monday, he said that steelmaking, alongside the chemicals and raw materials industries were among the bloc's core competencies and needed to be preserved. The European Commission has floated the idea of a tax on imports that are produced in an environmentally harmful manner.

  • Reuters

    German defence supplier Hensoldt files for Frankfurt stock market listing

    German defence supplier Hensoldt has filed for a Frankfurt stock market listing later this month, as the private equity-owned company seeks to raise funds for growth and to strengthen its balance sheet. The deal is expected to value the former Airbus unit, which buyout group KKR bought in 2016, at 2.5-3 billion euros ($3-3.5 billion), including debt, people close to the matter said.

  • Thyssenkrupp presents plan for carbon neutral steel plant

    Thyssenkrupp presents plan for carbon neutral steel plant

    Thyssenkrupp <TKAG.DE> unveiled plans on Friday to build a factory that will be able to produce carbon neutral steel by using hydrogen generated via renewables instead of coal. Germany's largest steelmaker said it plans to complete most of the plant by 2025, enabling it to produce 400,000 tonnes of so-called green steel a year. Germany aims to become a pioneer in hydrogen technology and plans up to 5 gigawatts (GW) of hydrogen capacity by 2030, with another 5 GW to be installed by 2040 at the latest.