DUISBURG / LONDON (IT BOLTWISE) – Thyssenkrupp is forced to temporarily reduce production of electrical steel in Europe due to increasing import pressure from Asia. This measure not only threatens 1,200 jobs, but also represents a challenge for the European energy transition. The production facilities in Gelsenkirchen and Isbergues will be shut down from mid-December until the end of the year in order to respond to the changed market conditions.
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Thyssenkrupp, a major player in the European steel industry, has announced that it will temporarily suspend its electrical steel production in Gelsenkirchen and Isbergues. This decision is a direct response to increasing import pressure from Asia, which is flooding European markets with low-cost alternatives. The production facilities will be shut down from mid-December until the end of the year, putting the future of 1,200 jobs in question.
Thyssenkrupp’s decision is not only an economic measure, but also has far-reaching effects on the European energy transition. Grain-oriented electrical steel produced in these mills is a key element of Europe’s energy infrastructure. Reducing production could affect the availability of this strategically important material, thereby slowing progress in the transition to renewable energy.
Marie Jaroni, head of Thyssenkrupp’s steel division, emphasized the importance of maintaining production within Europe. She called for effective market protection measures to ensure fair competition conditions. These measures are crucial to secure jobs in Gelsenkirchen and Isbergues and to protect European industry from unfair competition.
Thyssenkrupp’s decision reflects a larger challenge facing many European companies: balancing global competition and securing local jobs. While Asian manufacturers benefit from lower production costs, European companies must find innovative solutions to remain competitive. In the long term, this could lead to increased automation and technological innovation to increase efficiency and reduce costs.
The future of the European steel industry depends on the ability to adapt to rapidly changing market conditions. Thyssenkrupp’s decision could be a wake-up call for the industry to recognize the need to invest in new technologies and production methods. Only through a strategic realignment can the European steel industry secure its competitiveness on the global market.
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