Thyssenkrupp (tk) Steel Europe has agreed to sell climate-friendly steel to its tk Materials Services, Kallanish learns from the affiliates, which have signed a memorandum of understanding to cement the arrangement.
Both companies are divisions of Germany’s thyssenkrupp AG, which is a conglomerate with several other non-steel-related activities. However, in contrast to many other steel groups, tk Materials, which claims to be Europe’s largest steel distributor, operates independently from the steelmaking division, with the freedom of purchasing from any supplier.
Thyssenkrupp Schulte, the German unit of tk Materials, commits to purchasing fixed quantities of C02-reduced “bluemint” steel with immediate effect. In future years, the quantities are to increase gradually and the purchase agreement is to run up to and including 2030, the companies says. Tk Schulte will supply the German domestic market as well as other stockholding units in Western and Eastern Europe.
According to Detlef Schotten, ceo of tk Schulte, there is growing demand from customers for CO2-reduced alternatives.
“This trend will continue to grow in the coming years,” he says, noting that the company sees itself as a partner for customers to support them in their endeavours to become more sustainable. “This includes a comprehensive portfolio of products and solutions that create ecological added value.”
As part of its Beyond sustainability strategy, tk Materials has set itself the goal of becoming carbon-neutral by 2030 (scope 1 and 2 emissions).
Christian Koehl Germany
