Overview

• 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.