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Is the European steel industry at breaking point?

13:23

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November 7, 2025

Europe's largest steel plant is in crisis. ThyssenKrupp plans to cut or outsource over 10,000 jobs. The causes: high energy costs in Germany and a fierce price war with China, which is dumping excess steel on global markets.

ThyssenKrupp's Blast Furnace 1 produces nearly 25,000 tons of pig iron daily at its Duisburg site. Powered using fossil fuels like coal, it emits significant amounts of carbon dioxide, one of the greenhouse gases driving climate change

To address environmental concerns, the company is transitioning its facilities with plans to use green hydrogen to significantly reduce greenhouse gas emissions. However, the conversion involves risks, including the high cost and uncertain supply of hydrogen and some companies are pulling back.

The German steel industry faces challenges from high energy prices, weak demand, and competition from cheap Asian imports. US tariffs on the EU steel industry are also taking their toll.

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.

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