Chancellor Scholz Explores State Involvement in Thyssenkrupp Amid Steel Industry Challenges

During a visit to Thyssenkrupp's Duisburg plant, Scholz emphasized the need for investment and hinted that state intervention remains a possibility.

German Chancellor Olaf Scholz visited Thyssenkrupp's Duisburg steel plant to address ongoing challenges in the steel industry.
Scholz called for a European steel summit to tackle broader industry issues and emphasized the importance of investment in the sector.
He did not rule out the possibility of state involvement in Thyssenkrupp, stating that 'nothing should be excluded' in addressing the company's difficulties.
Thyssenkrupp, Germany's largest steel producer, has announced plans to cut 11,000 jobs at its steel division, raising concerns among workers and unions.
The company's workforce has maintained a 198-day vigil outside the Duisburg plant to protest job cuts and advocate for the future of the steel industry.