steel industry

The transformation of Germany’s steel industry is costly and, so far, economically unviable. But without strong domestic players the broader deindustrialisation of the country looks inevitable.

Thyssenkrupp CEO Miguel López has the task of selling off divisions or spinning off units into separate entities. The success of the overall strategy, however, depends on the costly reorganisation of the steel division.

Following the failed talks concluded in April between Salzgitter AG and a consortium of bidders, major shareholders have been putting pressure on the CEO.

The plan for Daniel Křetínský to acquire a 20% stake in the Thyssenkrupp steel division represents a historic moment for the company. The supervisory board is facing a momentous decision.