German steelmaker Thyssenkrupp Steel provided an update on its ongoing restructuring and outlined its medium-term financial goals during the Capital Market Day as it seeks to increase profitability and strengthen its position in premium steel segments.
As part of the Transform 30+ program, thyssenkrupp Steel's strategy is to focus on producing products with higher added value and increase the efficiency of its production network. Almost two thirds of its portfolio consists of high-quality steel grades, the company said in a statement.
more than €1 billion invested in the production of the network
Thyssenkrupp Steel has already invested over €1 billion in upgrading its production network in recent years. The company is also continuing to build its direct remediation plant in Duisburg as part of its transition to low-carbon steel production.
According to thyssenkrupp Steel, the demand for steel in the relevant end-use markets remains generally stable, while trade protection measures introduced in Europe in July 2026 provided additional support to the market. The company stated that more than 80% of the European flat rolled products market is currently covered by the new quota and tariff setting rules, which contributes to greater market stability and a more favorable pricing environment.
Along with the economic efficiency improvement program, it is expected that these measures, put into effect in 2024, will contribute to a significant increase in revenues. In the medium term, Thyssenkrupp Steel plans adjusted EBITDA of at least 1.2 billion euros, and adjusted EBITDA margin of at least 11%.
The company stated that the restructuring measures, combined with an improved regulatory framework and greater market stability, the European steel market is expected to enhance its profitability and competitiveness in the medium term.
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