Thyssenkrupp Considers Ending Key HKM Contract, Workers Protest in Duisburg

The potential termination of the supply agreement by 2032 raises concerns about investor interest in HKM and the future of Germany's steel industry.

Thyssenkrupp Steel Europe is reportedly deliberating the termination of its supply contract with Hüttenwerke Krupp Mannesmann (HKM) by the end of 2032.
Approximately 800 workers from HKM, Thyssenkrupp, and other steel companies protested in Duisburg against the possible contract termination.
The move has drawn criticism from political leaders, including Duisburg politician Bärbel Bas, who warned it could undermine efforts to secure an investor for HKM.
HKM, which employs around 3,000 workers and supplies Thyssenkrupp with 2.5 million tons of steel annually, faces an uncertain future as Thyssenkrupp seeks to divest its 50% stake.
The decision comes amid broader challenges in Germany's steel industry, including high energy costs, international competition, and declining demand from key sectors like automotive.