According to the Commission, the proposed acquisition does not raise concerns about competition within the European Economic Area.
The Commission concluded that the deal would not significantly hinder effective competition due to the companies' market positions and limited duplication of their activities.
In February, thyssenkrupp Steel and Salzgitter AG reached an agreement on the future of HKM's joint venture with thyssenkrupp, selling its stake in HKM to it, as previously reported. SteelOrbis. As part of the agreement, the supply of HKM steel to Thyssenkrupp Steel will end at the end of 2028, four years earlier than the previously planned deadline of 2032.
The deal strengthens restructuring efforts in the German steel sector
The acquisition is part of a broader restructuring and consolidation effort in Germany's steel industry, which continues to face weak demand, high energy costs, pressure from decarbonization investments, and increasing import competition.
The transaction is expected to support the operational optimization and long-term strategic positioning of the participating companies.
