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Strategy 20-30: Our way forward


Clear forward strategy to strengthen competitiveness

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thyssenkrupp Steel Europe AG

Kaiser-Wilhelm-Strasse 100

47166 Duisburg, Germany

+49 (0)203 52-0

Grafik Strategie

With our steel strategy 20-30 we are making thyssenkrupp Steel fit for the future. It is derived from market developments and customer requirements. The focus is on investments in premium grades, increasing our performance, the path to climate-neutral steel production and the digital transformation.

Investments in premium grades

With our strategy 20-30 we are systematically aligning ourselves to the requirements of the market. We are focusing on the products where the future of steel lies: high-quality premium grades which meet the ever higher requirements for flat steel, particularly in the areas of high-strength or electrical steel. In premium products with higher strengths and tighter tolerances, in further optimized surfaces, in thinner higher-performance plates for the energy transition and electro-mobility, and in steels for the packaging industry. To this end we are modernizing key elements of our production network. In the biggest investment package since 2003 we are converting or building new core units at the Duisburg and Bochum sites. The investments will enable us to continue to stand out in the future through the quality of our products. They optimize production and increase flexibility in supply.

Increase in efficiency

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.

Transformation to climate-neutral steel

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.

Digital steel

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.

Next steps

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.

The strategic milestones over time

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ThyssenKrupp Contact

thyssenkrupp Steel Europe

Mark Stagge

Head of Media Relations

Telephone: +49 (0)203 52-25159

Fax: +49 (0)203 52-25707

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