A fire at German steelmaker Thyssenkrupp’s Duisburg plant is expected to have a limited impact on shipments, a company spokesperson told McCloskey on 28 October.
The fire broke out late afternoon on 24 October at Thyssenkrupp Steel Duisburg in the hot strip mill in the Bruckhausen plant area and was put out early in the morning of 25 October.
Since the equipment impacted by the accident was still in the ramp-up phase, Thyssenkrupp’s customers will see limited impact on their shipments.
Although no official cause of fire or exact extent of the damage was determined, “it can be stated that the two central plant components, the new continuous casting line No 4 and the rolling mill of the new hot strip mill No 4, have not been damaged or have only sustained minor damage. The furnace area of the hot strip mill and the hall structure appear to have been the most affected,” the spokesman said.
Northwest European hot-rolled coil prices jumped by EUR20/t over the week to 24 October, with deals settled at EUR600-620/t ex-works. The anticipated reduction in supply from overseas due to a combination of new stricter quotas on imports, and effects of the carbon border adjustment mechanism (CBAM) coming into force in 2026 fueled the price rise. Although real demand is unlikely to rise, the market share of EU mills is expected to increase. And any reduction or delays of steel delivered from domestic mills supports the upbeat sentiment in the market.
On 22 October, Thyssenkrupp permanen
In September, Indian steelmaker Jindal Steel submitted a non-binding offer for Thyssenkrupp’s Steel Europe division.
