thyssenkrupp Community

Europe's steel demand during next 5y will rise significantly (20% CAGR) due to increased spending on defense automotive & housing revovery (2026 onwards) Ukraine's "Marshall plan" climate related infrastructure spending Energy costs in Germany to stabilize and drop due to combination of Global oversupply in major Energy related commodities, "Energie wende 2030" and to be elected (Feb25) more pro business oriented Govt. Soon to be cancelled Nippon's M&A of US Steel ($14bn deal) will provide additional valuation updrift for TKA being identifiend by us as the best / most attractive M&A target in Europe's steel business (with robust&healthy B/S).

Key Takeaways Strong order backlog and defense tailwinds in Marine Systems, plus a focus on decarbonized steel, position thyssenkrupp for sustainable growth and higher margins. Structural reforms, segment autonomy, and planned Marine Systems spin-off are expected to boost operational efficiency and unlock previously unrecognized value.

Key Takeaways Thyssenkrupp's positioning in defense, green steel, and industrial hydrogen offers overlooked opportunities for accelerated revenue growth, margin improvement, and value realization. Strategic moves in restructuring, divestitures, and leveraging specialty steel and circular economy solutions can unlock capital and strengthen long-term competitive advantages.

Key Takeaways Decarbonization pressures, alternative materials, and persistent overcapacity threaten core steel demand, margins, and long-term viability against intensifying global competition. Poor restructuring execution and heavy legacy obligations restrict innovation, financial flexibility, and capacity to adapt or invest for future growth.