Overview
- Salzgitter CEO Gunnar Groebler said the company will analyze its 30 percent stake in HKM and reach a decision by summer 2025
- Thyssenkrupp Steel (50 percent owner) and Vallourec (20 percent) plan to withdraw their support and sourcing from the Duisburg plant
- Negotiations with a potential buyer collapsed in February 2025, leaving HKM without a new investor
- HKM operates two blast furnaces producing 5 million tons of steel annually and employs about 3,000 workers
- Thyssenkrupp has warned it will discuss closing the plant with remaining shareholders if no sale is secured