ThyssenKrupp calls snap news conference for Friday

Fri Dec 2, 2011

FRANKFURT/DUESSELDORF Dec 2 (Reuters) - ThyssenKrupp , Germany's largest steelmaker, called a snap news conference for 1300 GMT on Friday following a meeting of the group's supervisory board, it said.

German business daily Financial Times Deutschland reported on Friday that Steel Americas chief executive Hans Fischer would leave the company after arriving in February from domestic rival Salzgitter.

The FTD and Handelsblatt both said the board was unhappy with continued problems in the new Brazilian carbon steel slab mill, which have already cost the job of senior steel manager Karl-Ulrich Koehler.

The slab plant near Rio de Janeiro known as CSA, with an annual capacity of over 5 million metric tonnes, chose the cheaper Chinese firm Citic over ThyssenKrupp's own plant engineer to build the steelmill's three coking plant batteries -- a move that lead to mistakes in the construction, Handelsblatt said.

The coking plant, which produces coking coal used to make pig iron in the blast furnace, generates coke oven gas in the process. This byproduct is typically used to drive turbines that then fuel the steel mill.

As a result of CSA's coke plant battery problems, the energy-intensive slab production may need to buy electricity.

Citing sources at ThyssenKrupp, Handelsblatt reported Citic agreed to pay damages, but the two companies have not agreed on the amount.
(sourced Reuters)

ThyssenKrupp CEO - all options open for stainless

Mon Oct 17, 2011

FRANKFURT Oct 17 (Reuters) - ThyssenKrupp has not yet made a decision on whether to spin off or float its stainless steel division, its chief executive told Reuters on Monday.

"All options remain open," Heinrich Hiesinger said at an event in Frankfurt.

The possible floation, spin-off or sale of the stainless steel is part of a 10 billion euro ($13.9 billion) divestment plan by ThyssenKrupp announced earlier this year to lower its debt pile.($1 = 0.721 Euros)

(sourced Reuters)

Steel Warehouse considers new facility near ThyssenKrupp USA Alabama mill

August27, 2011

South Bend, Indiana-based flat-rolled steel coil and steel plate processor Steel Warehouse is considering adding a new coil processing plant in Calvert, Alabama on ThyssenKrupp USA's land near the mill's new flat-rolled steel facility.

According to local news reports, Steel Warehouse would invest $16 million in the project that would have a pickling line to process hot rolled coil for ThyssenKrupp's Calvert mill.

Already, the Mobile County Industrial Development Authority has voted in favor of $1.17 million in sales and non-school property tax abatements to Steel Warehouse for the jobs that the new facility will create.

Dr Adam to be new commercial head at TATA Steel in Europe

Tuesday, 22 Feb 2011

TATA Steel announced that Dr Henrik Adam will be joining its European operations as Chief Commercial Officer from May 1st 2011.

Dr Adam joins the company after 13 years in a series of sales, marketing and technical roles with ThyssenKrupp Steel Europe.

In his new role he will be responsible for the sales and marketing organization of TATA Steel’s European business and for completing the implementation of the company’s new market differentiation strategies and customer sector focus in Europe.

Dr Karl-Ulrich Köhler MD & CEO of TATA Steel in Europe said "Dr Adam complements our enhanced customer focus. His background and wealth of experience in technically advanced products that require demanding sales, service, engineering and application support will be invaluable to our market sectors where product innovation and differentiation is critical."

Dr Adam said: "I am delighted to be joining the executive team of TATA Steel in Europe, which is a natural career progression for me. I look forward to helping the company move to a more differentiated product offer. This is something I have seen as a successful ambition through my experience of working with high performance niche products in sectors such as automotive and electrical steels."