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Steel Industry Collaboration Ushers in a New Era of Eco-Friendly Manufacturing

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Green Hydrogen Nieuws

Steelmaker,Europe,Joint Venture

ThyssenKrupp and EP Corporate Group form a joint venture to transform the steel industry with green hydrogen furnaces and sustainable steel production.

Via Metal Miner ThyssenKrupp recently announced plans to create a 50/50 joint steel manufacturing venture with the Czech Republic’s EP Corporate Group and ThyssenKrupp Steel TKS. According to the German group, talks are now ongoing between the two parties for the sale of an additional 30% stake in the steelmaker, following an April 26 announcement that EP would initially acquire a 20% stake in TKS.

At present, the site can pour 13 million metric tons of crude steel per year, which it produces via four blast furnaces and two basic oxygen furnaces. The plant then casts slab for rolling into hot and cold rolled coil as well as plate. Other products produced by the plant include non-grain- and grain-oriented electrical steels, along with downstream coated products such as hot dipped galvanized sheet, tinplate, and pre-painted.

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