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LONG-TERM SUPPLY AGREEMENTS SECURE STEEL JOBS IN DUISBURG
23 February 2005 - ThyssenKrupp Steel AG
| The three Duisburg steel companies ThyssenKrupp Stahl AG, Mittal Steel Ruhrort and TSTG Schienentechnik have enjoyed close links in the supply of pig iron and crude steel for more than seven years. These links are based on contractual arrangements agreed in 1997 for a period of ten years upon the sale of the Ruhrort and Hochfeld plants by the then Thyssen Stahl AG. |
The three Duisburg steel companies ThyssenKrupp Stahl AG, Mittal Steel Ruhrort and TSTG Schienentechnik have enjoyed close links in the supply of pig iron and crude steel for more than seven years. These links are based on contractual arrangements agreed in 1997 for a period of ten years upon the sale of the Ruhrort and Hochfeld plants by the then Thyssen Stahl AG. The three companies have now signed follow-on agreements which will guarantee the long-term continuation of this successful cooperation. Central to the agreements is the supply of pig iron by ThyssenKrupp Stahl to the Ruhrort steel mill. Supplies will initially be maintained at the present level, but once the blast furnace concept for the Hamborn site has been implemented, volumes will be increased by up to 15%. The new agreements are important elements for the future of the three companies and the roughly 15,000 people they employ in Duisburg.
http://www.thyssenkrupp-steel.de
About: ThyssenKrupp Steel AG
ThyssenKrupp Steel is the lead company for the steel activities of the ThyssenKrupp Group. The Steel segment is one of the world's leading flat steel producers, with sales of about twelve billion euros, annual steel production of 17 million tons and around 49,000 employees at 94 sites. A measure of the segment's success is the more than 12% return on capital employed it achieves on a sustainable basis.The portfolio of the three business units Carbon Steel, Stainless Steel and Special Materials is focused on flat steel products with high value-added and above-average growth potential. This is supplemented by other high-performance materials for specific applications posing special requirements. The operating companies in the three business units stand for high technological capabilities and innovative strength. With production sites across the globe, ThyssenKrupp Steel is a reliable partner to its internationally active customers. |
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