thyssenkrupp Steel

What thyssenkrupp Steel does

thyssenkrupp Steel Europe AG is Germany's largest steelmaker and Europe's second-largest flat steel producer, operating approximately 10.3 million tonnes per annum of capacity across an integrated footprint that spans the Duisburg headquarters and primary steelworks, Andernach (Rasselstein — Europe's largest packaging steel plant), Gelsenkirchen (electrical steel), Hohenlimburg (precision steel strip), and Isbergues, France. The company employs nearly 26,000 people, roughly 28% of parent thyssenkrupp AG's total workforce, and produces a comprehensive carbon flat steel portfolio — hot-rolled strip, cold-rolled and coated sheet, electrical steel under the powercore® brand, packaging steel under Rasselstein Thinplate®, precision steel strip, and the bondal® vibration-damping composite — supported by sub-brands including perform®, scalur®, pladur®, TBL®, perdur® and patinax®, alongside the carbon-reduced bluemint® line achieving up to 64% CO2 reduction certified by TÜV SÜD and DNV.

The underlying technology stack combines conventional blast furnace routes with a hydrogen-based direct reduction plant under construction at Duisburg (2.5 million metric tons DRI capacity, EPC by SMS group, ~3.5 million tonnes/year planned CO2 savings) and electric arc furnace capability, backed by a €2.4 million metallurgical DR laboratory at the Duisburg-Schwelgern site testing iron ore pellets under ~45% hydrogen conditions. Sustainability positioning is a central strategic pillar: ResponsibleSteel certification at the largest Duisburg site, 230 GWh green electricity supply contracts for subsidiaries, and a 30% emissions reduction target by 2030 with a 2045 carbon-neutrality ambition.

The business model is B2B enterprise sales through an industry-segmented direct sales force (automotive is primary, followed by construction, energy, packaging, appliances, special vehicles, and mechanical engineering), augmented by mature e-business infrastructure including the SteelOnline e-commerce portal, EDI/ODETTE/VDA electronic data interchange, SAP Ariba-based pronet for procurement, and Transporeon freight exchange. Pricing is quote-based and not publicly disclosed; revenue mechanics are volume-driven across roughly 50,000 tonnes/day of raw material throughput. Anchor enterprise customers include BMW Group, Mercedes-Benz, Siemens Energy/Siemens Gamesa, Henkel, Zentis and Accuride, with named MoUs and series contracts for CO2-reduced supply. The business is in active restructuring — 5,000 to 11,000 job cuts by 2030, Kreuztal-Eichen site closure, HKM divestment to Salzgitter AG (July 2026), and paused Jindal Steel International sale negotiations — while executing a capital-intensive green transformation with a 20% stake sold to Kretinsky's EP Corporate Group as part of thyssenkrupp AG's holding-company strategy.

Name

thyssenkrupp Steel

Legal name

thyssenkrupp Steel Europe AG

Website

https://thyssenkrupp-steel.com

Company type

Private

Founded year

1811

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

thyssenkrupp Steel is Germany's largest and Europe's second-largest flat steel producer, manufacturing carbon flat steel including hot strip, electrical steel, packaging steel, and CO2-reduced bluemint® grades for automotive, construction, energy, packaging, and appliances customers.

Ownership category

akta.pro rank

Product category

Flat Steel Manufacturing

NAICS

Steel Product Manufacturing from Purchased Steel (3312), Rolling and Drawing of Purchased Steel (33122), Sheet Metal Work Manufacturing (332322)

SIC

Sheet Metal Work (3444)

akta.pro primary industry

Coated & Plated Steel (Galvanized, Galvalume, Tinplate, Electrogalvanized, Color-Coated) (IMAKABAG)

Keywords

• Flat steel manufacturing
• Carbon steel products
• Electrical steel production
• Packaging steel tinplate
• Automotive steel supply

Headquarters

HQ city

Hagen

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain

Revenue model

1. Steel Products Sales: Sale of flat steel products including hot strip, precision steel strip, sheet/coated products, electrical steel, and packaging steel to industrial customers in automotive, construction, energy, packaging, and appliances sectors.
2. Materials Services: Application technology, chemical laboratories, materials testing, and other technical services supporting steel product utilization.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

thyssenkrupp Steel manufactures and sells carbon flat steel products — including hot-rolled strip, cold-rolled and coated sheet, precision steel strip, electrical steel (grain-oriented and non-oriented), packaging steel (tinplate), composite materials, and byproducts — serving automotive, construction, energy, packaging, appliances, and mechanical engineering customers. The company also offers materials-related services such as application technology, chemical laboratory work, and materials testing.

Product overview

thyssenkrupp Steel is Germany's largest producer of high-quality flat steel, offering a comprehensive portfolio organized around multiple core product categories: bluemint® Steel (CO2-reduced steel brand), Hot Strip (including mild, structural, and micro-alloyed perform® steels), Precision Steel Strip, Cut-to-Length Sheet (perdur®, perform®, TBL® brands), Sheet/Coated Products, Organic Coated Strip and Sheet (pladur® brand), Electrical Steel (powercore® brand), Packaging Steel (Rasselstein brand), Composite Materials (bondal®), and Byproducts. The portfolio serves automotive, construction, energy, packaging, appliances, and mechanical engineering industries. The company is undergoing green transformation with hydrogen-based direct reduction plant construction targeting carbon-neutral production by 2045.

Differentiator

Problem solved

Functional benefit

Brands

• bluemint®: CO2-reduced steel brand using hydrogen-based direct reduction and alternative charge materials in blast furnaces
• powercore®
• Rasselstein Thinplate®
• perform®
• scalur®
• pladur®
• bondal®
• patinax®

Products and services

• bluemint® Steel CO2-reduced steel brand from thyssenkrupp, offering all proven steel grades with reduced CO2 intensity through alternative charge materials in the blast furnace. Includes bluemint® pure and bluemint® recycled variants, with up to 64% CO2 reduction certified by TÜV SÜD and DNV. Available for industrial buyers across automotive, packaging, construction, and energy sectors.
• Hot Strip Hot-rolled steel portfolio ranging from mild steels and structural steels to thermo-mechanically rolled high-strength perform® grades for cold forming. Available pickled and unpickled in extensive dimension ranges for industrial customers across automotive, construction, and line-pipe applications.
• Precision Steel Strip Hot-rolled steel strip manufactured by thyssenkrupp Hohenlimburg to very close thickness tolerances with properties similar to cold-rolled steel, providing excellent surface quality, uniform material properties, and outstanding formability for precision applications in mechanical and plant engineering.
• Cut-to-Length Sheet Premium cut-to-length sheet products under perdur®, perform®, and TBL® brands, offering holistic customer service from materials consulting to application and process optimization for industrial buyers.
• Sheet/Coated Products Cold-rolled sheet and coated products including hot-dip galvanized, galvannealed, ZM Ecoprotect® zinc-aluminum-magnesium coating, aluminum-silicon products, electrogalvanized sheet, and primetex® textured surfaces for automotive, construction, and appliance applications.
• Organic Coated Strip and Sheet (pladur®) Organic-coated sheet products under pladur® and Reflections® brands offering attractive and functional coatings for multistory buildings, facades, roofing, and domestic appliance applications, including fingerprint-resistant and structured surface finishes.
• Electrical Steel (powercore®) High-efficiency electrical steel produced by thyssenkrupp Electrical Steel GmbH for the electricity value chain from generation to transmission, distribution, and consumption. Includes grain-oriented powercore® grades for transformers and non-oriented grades for electric motors, appliances, and generators; available as bluemint® powercore® with 50% lower CO2 intensity.
• Packaging Steel (Rasselstein) World-leading tin-coated, chromium-coated, and uncoated blackplate packaging steel from thyssenkrupp Rasselstein GmbH (Andernach, Europe's largest packaging steel production site), including premium rasselstein Thinplate® for food, beverage, and chemical/technical product packaging.
• Composite Material (bondal®) Vibration-damping composite material comprising viscoelastic polymer sandwiched between two steel face sheets, produced by hot roll cladding for excellent structure-borne and air-borne sound insulation in industrial and acoustic applications.
• Steel Byproducts Valuable byproducts from blast furnace to pickling line including cement production components, road/track/hydraulic engineering materials, converter lime for fertilizers, and iron oxide for the iron industry.

Quantifiable outcome

• Up to 64% CO2 reduction with bluemint® recycled steel vs conventional steel
• +5 more outcomes

Named customers16 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature5 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• HenkelcoreStrategic or Co-development Partner · 25 March 2026Henkel launched sustainable packaging using bluemint® CO2-reduced steel from thyssenkrupp Rasselstein, processed by Pirlo into tinplate cans. Achieves 62% CO2 reduction certified by TÜV SÜD. Used for Tangit brand adhesives.
• JFE Steel / JSW SteelminorStrategic or Co-development Partner · 1 October 2024Joint venture formed in October 2024 for acquisition of Thyssenkrupp Electrical Steel India to produce high-grade automotive steel.
• Kloeckner Metals CorporationminorChannel Partner/ Reseller/ Distributor · 1 August 2023Acquired National Material of Mexico to expand presence in automotive steel sector. Connected to Thyssenkrupp Materials Processing Europe partnership for automotive steel supply.
• OutokumpuminorStrategic or Co-development Partner · 1 June 2023Partnership to introduce what they call the world's first near-zero stainless steel for automotive applications. Combined with Thyssenkrupp Materials Processing Europe and Boysen Group.
• Mercedes-BenzcoreStrategic or Co-development Partner · 1 April 2023Expanded cooperation to include CO2-reduced steel. MoU signed April 2023 for Mercedes-Benz to receive CO2-reduced products from thyssenkrupp for integration into fleet of new passenger cars. Supports automotive decarbonization goals.
• SnopcoreStrategic or Co-development Partner · 31 December 2022French automotive tier-one supplier plans to source CO2-reduced steel from thyssenkrupp for selected components in car body manufacturing. MoU signed end of 2022, now being implemented. Snop sources various materials from Duisburg plant for international automotive customers.
• Siemens Energy / Siemens GamesacoreStrategic or Co-development PartnerStrategic partnership for CO2-reduced steel in transformer production. After Ultranet DC connection collaboration, now demonstrating supply chain decarbonization for offshore wind turbine project. Siemens Energy booked bluemint® powercore® for ~700 wind turbine transformers.
• SGB-SMITminorChannel Partner/ Reseller/ DistributorFirst customer to receive bluemint® powercore® with 50% lower CO2 intensity. Uses CO2-reduced steel in distribution transformers for E.ON digital substations supporting decentralized renewable energy network.
• R&S Group / Rauscher & StoecklinminorChannel Partner/ Reseller/ DistributorSwiss supplier of energy products using bluemint® powercore® in transformer construction. First transformers containing bluemint® powercore® built early 2023.
• SMS groupcoreStrategic or Co-development PartnerEngineering, procurement and construction (EPC) contractor for hydrogen-based direct reduction plant at Duisburg. Building one of the biggest industrial decarbonization projects worldwide with 2.5 million metric tons DRI capacity.
• PirlominorChannel Partner/ Reseller/ DistributorAustrian metal packaging specialist processing bluemint® packaging steel from thyssenkrupp Rasselstein into tinplate cans for Henkel and other customers.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• ArcelorMittal: World's largest steelmaker and thyssenkrupp Steel's primary European flat steel competitor. Both produce automotive sheet, electrical steel, and coated products; co-signed the June 2026 open letter on EU ETS costs.
• Salzgitter AG: German flat steel producer and direct competitor across automotive and construction grades. Now owns 100% of HKM (formerly JV with thyssenkrupp) following the 2026 divestment, giving Salzgitter integrated slab supply.
• voestalpine: Austrian integrated steelmaker competing in high-quality automotive, electrical, and packaging steel. Joint signatory with thyssenkrupp and ArcelorMittal on the EU ETS open letter, indicating parallel decarbonization and cost pressures.
• Tata Steel (Europe): UK/Netherlands-based flat steel producer with comparable automotive, construction, and packaging steel portfolios. Direct competitor for European OEM contracts and green steel positioning.
• SSAB: Swedish steelmaker and a leading competitor in the hydrogen-based green steel transition via its HYBRIT initiative, targeting fossil-free steel by 2026. Competes with thyssenkrupp's bluemint® for premium low-CO2 contracts.

Emerging players

• Outokumpu: Stainless steel specialist and partner in the 'world's first near-zero stainless steel for automotive' collaboration with thyssenkrupp Materials Processing Europe. Overlaps in advanced automotive grades but not in carbon flat steel.
• JFE Steel: Japanese steelmaker that formed a 2024 JV with JSW Steel to acquire thyssenkrupp Electrical Steel India. Asian competitor in high-grade electrical and automotive steel with overlap in export markets.

Broad incumbents

• Nucor: North America's largest steel producer using EAF/mini-mill technology. Competes indirectly in global flat steel markets and serves as a benchmark for green steel EAF transition economics relevant to thyssenkrupp's transformation.
• Cleveland-Cliffs: Major US flat-rolled and electrical steel producer. Direct competitor in electrical steel for transformers and motors, and in automotive flat-rolled products for OEMs.
• Nippon Steel: Global integrated steelmaker with advanced high-strength and electrical steel capabilities. Recent acquisition of US Steel makes it a broad incumbent across thyssenkrupp's product categories globally.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

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Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about thyssenkrupp Steel