Goldman Sachs Lifts Thyssenkrupp Stake to 5.01% as Duisburg Green-Steel Launch Slips to 2029

Goldman Sachs has raised its reported voting position in Thyssenkrupp to 5.01%, up from 4.25% previously, according to a mandatory disclosure filed on November 2. The bulk of that stake is not held in shares at all: instruments account for 4.34% of the total, while voting rights attached to stock make up just 0.68%.

The disclosure lands as Thyssenkrupp Steel Europe pushes back the start-up of its Duisburg direct-reduction plant from 2027 to 2029. A company spokesperson pointed to challenges in the engineering phase as the main cause of the delay. The facility is designed to produce climate-friendly steel.

Funding Terms Settled for tkH2Steel

For the tkH2Steel decarbonisation project, Thyssenkrupp Steel has reported a legally binding amended funding notice. Management says the decision gives the ongoing construction planning certainty, and the European Commission has confirmed that the adjustments comply with EU state-aid rules. The company is also preparing a fresh hydrogen tender.

Attention is meanwhile turning to the restructuring of the steel division. CEO Miguel López told Reuters on October 28 that Thyssenkrupp is readying Steel Europe for a possible stock-market spin-off, after talks with potential partners came to nothing.

One separation has already been completed. Roughly two weeks ago, tk accelis began trading as an independent listed company, with Thyssenkrupp retaining a 51% majority stake.

Shares Advance

The stock added 1.6% today to trade at €12.64. In the prior session it climbed 5.0% to close at €12.45, carried by a broad recovery on the German market; the MDAX also gained noticeably, with falling oil prices and a rebound on Wall Street cited as supports for sentiment.

Thyssenkrupp has scheduled its next reporting date for December 8, 2026, when it plans to publish its 2025/2026 annual report alongside an analyst and investor call.