Salzgitter to fully acquire HKM from thyssenkrupp and Vallourec

Salzgitter AG will wholly acquire joint venture HKM from co-owners thyssenkrupp Steel and Vallourec. The deal includes plans to cut about 2,000 jobs and reduce crude steel production to 2 million metric tons per year by end of 2028.

“Without these painful job cuts, Salzgitter AG would not have been able to complete the acquisition on its own.”marketscreener.com

• 3 sources
• marketscreener.comSalzgitter to take full control of HKM, cut 2,000 jobs | MarketScreenerReutersJul 9, 2026
• thyssenkrupp-steel.comSalzgitter AG acquiring 100 Percent of HKMJul 9, 2026
• akm.ruGerman Salzgitter becomes the sole owner of HKM | AKM ENAK&MAug 13, 2026

Summarized from public sources; check the original articles before acting on it.