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The German Concern, Which Flourished in the World Wars, Stops Factories: Imports Win

Summary by EADaily
Thyssenkrupp is shutting down factories in Germany and France. The influx of cheap steel makes the production of the German concern, which flourished during both World wars, uncompetitive.

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The demand for the metal is increasing. Nevertheless, production in Germany is now being stopped. 1200 employees are affected.

·Berlin, Germany
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Thyssenkrupp Steel is shutting down its specialty steel production: A German and a French plant belonging to its subsidiary Electrical Steel must close by the end of the year. CEO Marie Jaroni intends to fight to save the threatened jobs.

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manager magazin broke the news in on Thursday, December 11, 2025.
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