Germany is planning to make around 2 billion euros ($2.1 billion) available to help fund a green steel plant that Thyssenkrupp aims to build at its base in Duisburg, one of the struggling conglomerate's key turnaround projects.
A steel worker of ThyssenKrupp walks in front of a blast furnace at a ThyssenKrupp steel factory in Duisburg, western Germany, November 14, 2022. REUTERS/Wolfgang Rattay/File PhotoHabeck travels to Thyssenkrupp HQs to talk steel subsidiesBERLIN/FRANKFURT, June 5 - Germany is planning to make around 2 billion euros available to help fund a green steel plant that Thyssenkrupp
It also marks a major commitment to support one of Germany's industrial icons. Thyssenkrupp depends on external funds to pay for decarbonising steelmaking, which is one of the most polluting industrial production techniques. Economy Minister Robert Habeck on Monday travelled to Essen and Duisburg to hold talks with Thyssenkrupp's management and labour representatives after weeks of criticism over what workers fear is lacklustre backing by Berlin.
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