German heavy industry giant ThyssenKrupp has been suffering from a sharp deterioration of the materials businesses, pushing it into the red in the first quarter of its October-September fiscal year in 2015.
Steel is historically ThyssenKrupp's core business, but it also makes elevators, submarines and car parts. This page collates recent DW content on the company.
With Carbon2Chem, ThyssenKrupp plans to reduce CO2 emissions in its steel production. Through an electrolysis process, climate-damaging carbon dioxide is transformed into other useful chemicals. On an industrial scale, this innovation could vastly reduce global carbon emissions in steel production. But the project is still in its early stages.