thyssenkrupp

Tekin Nasikkol, until now the group works council chairman of Thyssenkrupp and a central representative of steel employees, will take over as chief HR officer and labor director at Thyssenkrupp Electrical Steel on December 1. IG Metall had nominated him for the position; Nasikkol stresses that economic success and good work belong together. The subsidiary faces major challenges after cheap imports and production stoppages, and the move comes against the backdrop of large-scale group restructurings and plans to spin it off. » Mais em faz.net

Tekin Nasikkol, until now group works council chief and chairman of the works council of the steel division, will move on December 1 into a management role as head of HR and labor director of the subsidiary Thyssenkrupp Electrical Steel. Nasikkol had long been one of the harshest critics of CEO Miguel López, but now supports the move into management. IG Metall and the company side welcomed the change; it comes at a time when Thyssenkrupp is restructuring the steel division and other units into independent companies and pushing ahead with a possible spin-off of the steel business. » Mais em faz.net

Thyssenkrupp Steel Europe now expects to bring the direct reduction plant for climate‑friendly steel into operation in 2029 instead of 2027; the company attributes the delay mainly to the engineering phase. The project costs around three billion euros, of which up to two billion euros are expected to be covered by state subsidies. At the same time, the slow development of the hydrogen market and higher hydrogen prices are slowing the plant's ramp-up, although construction work such as tower erection, foundations and switchgear buildings continues. » Mais em wiwo.de

Thyssenkrupp Steel Europe is getting federal and state subsidies totaling two billion euros for a direct reduction plant in Duisburg that is intended to replace blast furnaces with hydrogen-based pig iron production. The goal is to decarbonize steel production and stimulate demand for green hydrogen. Due to delays in ramping up the hydrogen supply, the plant will nevertheless be operated with natural gas for longer than planned, but the subsidy is still considered justified in the commentary. » Mais em sueddeutsche.de

Thyssenkrupp Steel Europe receives around €2 billion in funding to build a direct reduction plant in Duisburg that will replace blast furnaces and initially produce steel using natural gas, later switching to green hydrogen. Because the ramp-up of the hydrogen economy has been delayed, the EU Commission now allows the plant to operate longer than planned on natural gas without the company having to repay subsidies. Operation with natural gas already significantly reduces CO2 emissions; with hydrogen the production would be nearly emissions-free. » Mais em sueddeutsche.de