Emirates Steel Arkan and other investors losing interest in Thyssenkrupp’s steel unit

Monday, 31 July 2023 15:39:19 (GMT+3)   |   Istanbul

United Arab Emirates-based steel producer Emirates Steel Arkan (ESA) is considering pulling back from investment in German steelmaker Thyssenkrupp’s steel unit in Duisburg and acquiring a minority stake in the unit, according to media reports.

The company’s handbrake turn is said to be due to concerns over pension liabilities and other complexities of the unit.

Meanwhile, Indian steel producer JSW Steel and Luxembourg-based private equity company CVC Capital Partners, which were also said to be interested in Thyssenkrupp’s steel unit previously, are reported to be losing interest also.

DamlaTükenmez
Damla Tükenmez
Editor

I graduated from the Department of English Language and Literature at Kocaeli University. Since 2020, I have been producing content focused on the steel industry. At SteelOrbis, I write industry news on a wide range of topics, including EU and UK trade measures, regulatory changes, quota utilization, and the statements and views of organizations representing the Turkish steel sector.

Similar articles

Emirates Steel Arkan interested in Thyssenkrupp’s steel unit

Cleveland-Cliffs to invest $1 billion in Middletown Works blast furnace upgrade with DOE backing

Nucor CSP for HRC posts another $10/nt weekly gain amid continued tight supply

Colombia's post-earthquake reconstruction could require two million mt of steel

Brazilian weekly slab export reference price falls; decision on Chinese HRC likely in October

US line pipe imports up 35.1 percent in June 2026 from May

US rebar exports up 19.7 percent in June 2026 from May

Brazilian HRC exports fell 72 pc in July; imports rose 223 pc amid antidumping concerns

UAE's Emsteel keeps September rebar prices stable for second month in a row

Local Turkish rebar spot prices rise again to offset currency fluctuations