Insight: ThyssenKrupp post-Tata seeks flexibility, partners
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Insight: ThyssenKrupp post-Tata seeks flexibility, partners

Published: 14 May 2019

German steelmaker ThyssenKrupp said the strategy, finance and investment committee of its supervisory board approved a realignment plan presented by the company’s executive board, designed to strengthen the group moving forward following the failure of its plans to merge with Tata Steel Europe. The group may also seek partners for some steel operations, according to

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Falling tube imports to pressurise European domestic supply

Published: 14 May 2019

According to market sources close to the EU tube import quotas dossier, European tube imports should fall dramatically and be halted for most products in the coming two months. This may result in increasing pressure on Europe’s domestic tube supply. “Regarding gas pipes, Turkey has already used more than 80% of the quota and should

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Insight: Failing TK-Tata merger prompts corporate re-thinks

Published: 13 May 2019

With the planned merger of Thyssenkrupp and Tata’s European steel holdings likely to fall apart (see other story), Thyssenkrupp CEO Guido Kerkoff said the company would proceed with a “strategic realignment” resulting in a “lean organization,” involving cuts in administrative costs and the launch of a new group-wide performance program including the cutting of 6,000 jobs.

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Enttäuschung bei Tata Steel und thyssenkrupp

Published: 13 May 2019

Heute kam das Feedback der Europäischen Kommission zu dem geplanten Stahl-Joint-Venture zwischen thyssenkrupp und Tata Steel in Europa.  Tata Steel und thyssenkrupp hatten am 30. Juni 2018 Vereinbarungen unterzeichnet, mit denen sie die Stahlgeschäfte in Europa zu einem paneuropäischen 50:50 Joint Venture zusammenfassen wollten. Heute hat die Kommission das geplante Gemeinschaftsunternehmen mit thyssenkrupp und Tata

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tk-Tata merger failure surprises many but not all

Published: 13 May 2019

Friday’s news that thyssenkrupp and Tata Steel have seen their steel merger fail due to the European Commission’s continued objections came as a surprise to many, but not to everyone. In their statements (see related article), the companies note that they have offered a comprehensive package of remedies covering all the areas of concern highlighted

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