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It was preserved as a record on September 10; the timeline below shows how it unfolded, with sources. Get the briefing to follow the top situations still developing: three emails a week, sourced and in order.

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6 clusters · 25 sources · 33 days · First seen · Last updated

Salzgitter advances HKM decarbonization and reports H1 2026

Overview

Following its July 2026 acquisition of Hüttenwerke Krupp Mannesmann (HKM), Salzgitter AG has moved forward with its decarbonization strategy at the Duisburg site. The company has ordered the construction of Germany’s largest electric arc furnace (EAF) from engineering firm Tenova. The 285-tonne unit will feature continuous scrap feeding via Consteel technology and an electromagnetic stirring system co-developed with ABB. Designed to produce up to 2.5 million tonnes of crude steel annually—with a target of 2 million tonnes of low-carbon steel—the furnace is central to supplying green steel to automotive and appliance manufacturers. The project, supported by approximately €200 million in federal and state climate-action subsidies, is scheduled for commissioning in 2029.

On 10 August 2026, Salzgitter reported its half-year results, showing a pre-tax profit of €76.3 million. This marks a recovery from the €83.8 million loss recorded in the first half of 2025. The performance was driven by improved results in steel production, trading, and technology units, as well as a €97 million contribution from the P28 profit improvement program and high earnings from its stake in Aurubis AG. However, external sales saw a marginal decrease to €4.6 billion, compared to €4.7 billion the previous year, as geopolitical uncertainties in the Middle East impacted steel-related activities.

Entities

Salzgitter AG · Hüttenwerke Krupp Mannesmann (HKM) · Aurubis AG · ABB Ltd. · Tenova

Timeline

  1. about 1 month ago

    [BUSINESS] 4 sources
    Salzgitter AG reports H1 2026 profit of €76.3 million

    Salzgitter AG reported a pre-tax profit of €76.3 million for H1 2026, driven by Aurubis participation and cost-saving programs, marking a recovery from previous losses.

  2. about 1 month ago

    [BUSINESS] 2 sources
    Tenova to supply giant electric arc furnace for HKM steel plant in Duisburg

    Tenova will install a 285‑tonne electric arc furnace with Consteel and ABB technology at HKM’s Duisburg steel plant, targeting 2.5 Mt annual capacity and lower CO₂ emissions, with commissioning planned for 2029

  3. about 1 month ago

    [BUSINESS] 3 sources
    Salzgitter to build Germany's largest electric arc furnace in Duisburg

    Salzgitter AG will build Germany’s largest electric arc furnace in Duisburg, capable of 2.5 Mt/year, with €200 M public funding, to boost green steel output by 2029.

  4. about 2 months ago

    [BUSINESS] 12 sources
    Salzgitter AG raises 2026 forecasts as German steel output climbs modestly

    Salzgitter lifts its 2026 EBITDA forecast to €725‑€825 million after a strong half‑year and the HKM acquisition; German steel output rises 9 % to 18.6 Mt but remains below capacity, prompting calls for EU anti‑

  5. about 2 months ago

    [BUSINESS] 7 sources
    Salzgitter lifts 2026 outlook on strong first half and HKM acquisition

    Salzgitter raised its 2026 revenue target to €10 bn and EBITDA to €725‑825 m, citing strong H1 performance and the full integration of the HKM acquisition.

  6. 2 months ago

    [BUSINESS] 7 sources
    Salzgitter AG to fully acquire Duisburg steelmaker HKM, plans electric arc furnace and 2,000 job cuts

    Salzgitter AG bought the remaining shares of Duisburg's HKM from thyssenkrupp Steel and Vallourec, becoming sole owner and planning an electric‑arc furnace while cutting the workforce from 3,000 to 1,000 by 202

Sources

aktienkurs-orderbuch.finanznachrichten.de · backlinksseo.in · birthdayworld.com · cash.ch · conterest.de · edelstahlaktuell.de · eurometal.net · extrajournal.net · finanzen.at · finanzen.net · finanznachrichten.de · gewinnermagazin.de · gruene-nrw.de · industriemagazin.at · iplcricketmatch.com · it-boltwise.de · kapitalmarktexperten.de · kurierverlag.de · maschinenmarkt.vogel.de · mm-logistik.vogel.de · mobil.zeit.de · pdf.zeit.de · upday.com · volksfreund.de · zite.com

This summary has been updated 2 times: see revision history