Strategy 20-30: Our way forward
thyssenkrupp Steel Europe AG
47166 Duisburg, Germany
+49 (0)203 52-0
Competitiveness also requires an appropriate cost structure. To this end, we are restructuring our organization. In total, we are reducing around 3,750 jobs. We are also examining operator models for operational facilities. In doing so, we are relying on a close exchange of views and solidarity with the co-determination body: We are shaping the job cuts with the employees, not against them.
Today's steel industry is CO2-intensive. To achieve our climate targets, we are focusing on moving away from coal and using hydrogen in steel production. We have our sights firmly set on climate-neutral steel production and have developed a clear concept to reduce our CO2 emissions by 30% by 2030 and produce steel in a completely climate-neutral way by 2050. To achieve this, we are relying on two technological paths: We combine hydrogen-based direct reduction with an innovative melting unit. We are replacing coal, not the steel mill. This allows us to retain as many aggregates and established processes as possible. Our concept has been confirmed by scientists at RWTH Aachen University. The first direct reduction plant is planned for 2025. At the same time, we will use unavoidable, process-related emissions through our Carbon2Chem® technology and process them into basic chemicals for the chemical industry. Our path ensures: the grade portfolio and quality of our steels remain the same, their carbon footprint does not. For the transformation to succeed, we need the right political framework and support in the form of funding for climate-neutral technologies.
To increase performance, we are driving forward the digitization of our company. We are relying on uniform platforms, harmonized data and standardized infrastructure solutions. The focus here is on digitizing value chains and interfaces with customers and suppliers. Steel is already fully automated today. In the future, it will also be fully digitized.
Our focus is now on implementing the investments into our facilities as well as the restructuring measures. Furthermore, thyssenkrupp AG is evaluating stand-alone options for thyssenkrupp Steel.
thyssenkrupp Steel Europe
Head of Public & Media Relations
Telephone: +49 (0)203 52-25159
Fax: +49 (0)203 52-25707Send email