Thyssenkrupp is reportedly considering reviving plans for a steel merger with smaller German peer Salzgitter.
Reports say Thyssenkrupp Chief Executive Martina Merz and her counterpart at Salzgitter, Heinz Joerg Fuhrmann, are due to meet soon on the matter, which has surfaced regularly in recent years but failed to materialise.
Go deeper with GlobalData
A spokesman for Salzgitter reportedly said while both executives had met last year there were no plans for further talks at the moment.
He also reiterated previous remarks by Fuhrmann, who said in August that he had so far not seen a convincing plan for a steel merger, stopping short of ruling out that it might happen at some point in the future.
Thyssenkrupp said it was currently focusing on implementing its steel strategy, which was announced last month, adding this included talks with labour representatives.
The group reiterated that a consolidation of the European steel sector continued to make sense.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
