Thyssenkrupp's Green-Steel Flagship Slips to 2029 as LBBW Trims Target and Steel Spinoff Takes Shape
Published on 11/10/2026 at 14:41 | Editorial boerse-global.de
Thyssenkrupp Steel Europe has pushed back the start of its flagship green-steel project in Duisburg, with the direct-reduction plant now slated to come on stream in 2029 rather than the originally planned 2027. A company spokesperson confirmed the delay, pointing chiefly to challenges during the engineering phase. The EU Commission, for its part, cited construction hold-ups at the facility, which is designed to produce climate-friendly steel.
The project carries a total price tag of roughly EUR 3 billion, with state support of up to EUR 2 billion earmarked for the venture. According to the company, the final revised funding conditions for the tkH2Steel project now provide planning certainty, and Thyssenkrupp Steel is preparing a fresh hydrogen tender.
LBBW Cuts Price Target, Keeps Buy Rating
On the valuation side, LBBW lowered its price target for Thyssenkrupp on November 4 from EUR 19 to EUR 18, according to media reports, while reaffirming its "Buy" rating. The shares were trading at EUR 12.50 in today's session, up 0.4% and still well below the target set by the Landesbank.
That advance follows a stronger prior session in which the stock climbed 5.0% to close at EUR 12.45, riding a broad recovery on the German equity market. The MDAX also posted solid gains, with falling oil prices and a rebound on Wall Street cited as supports for the overall mood.
Should investors sell immediately? Or is it worth buying Thyssenkrupp?
Steel Europe Groomed for a Possible Listing
Behind the scenes, the conglomerate is pressing ahead with a restructuring of its steel division. CEO Miguel López told Reuters on October 28 that Thyssenkrupp is preparing Steel Europe for a possible stock-market spin-off, after talks with potential partners came to nothing.
One separation has already been completed: roughly two weeks ago, tk accelis began trading as an independent, listed company. Thyssenkrupp remains the majority shareholder with a 51% stake, according to company statements.
Rasselstein Workers Stage Warning Strike
Labour unrest flared at the tinplate subsidiary Thyssenkrupp Rasselstein, where employees downed tools for a limited warning strike on November 1 after the peace obligation expired. Around 300 workers gathered in front of the Andernach plant, dpa-AFX reported. IG Metall is demanding a 5% pay increase for some 3.7 million employees across a twelve-month term.
Thyssenkrupp at a turning point? This analysis reveals what investors need to know now.
December 8 Looms for Full-Year Figures
Investors' next fixed date is December 8, when Thyssenkrupp will publish its Q4 2026 numbers and present its 2025/2026 annual report. An annual press conference and a telephone conference for analysts and investors are scheduled alongside the release.
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Thyssenkrupp Stock: New Analysis - 10 November
Fresh Thyssenkrupp information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
