# thyssenkrupp Steel awards SMS group €1.8B contract for direct reduction plant

thyssenkrupp Steel has awarded SMS group a contract worth over €1.8 billion for the engineering, delivery and construction of a hydrogen-powered direct reduction plant at its Duisburg site, with a capacity of 2.5 million metric tons of DRI per year.

- Type: Contract
- Announced: 2023-03-01
- Where: Duisburg, Germany
- Value: $1.90B (1.80B EUR)
- Status: announced
- Capacity: 2.5 million metric tons of directly reduced iron per year
- Products: directly reduced iron
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SMS group](https://endata.com/companies/2366.md) (supplier)
- [thyssenkrupp Steel](https://endata.com/companies/34054.md) (customer)

## Sources

- [thyssenkrupp-steel.com](https://www.thyssenkrupp-steel.com/en/newsroom/press-releases/thyssenkrupp-steel-awards-a-contract-worth-billions-of-euros-to-sms-group-for-a-direct-reduction-plant.html), 2023-03-01: "The contract award marks a decisive technological turnaround for Germany's biggest steelmaker in its more than 200-year history."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.