The strategy
ThyssenKrupp Steel Europe is growing and investing globally: The central element of the capacity expansion is the building of an integrated iron and steel mill in Brazil in a 4.5 billion euro project. The factors that swayed the site decision were regional cost advantages, proximity to iron ore deposits and logistical advantages.
Around 60 percent of the slabs produced in Brazil will be used to supply the North American market with high-quality steel. We aim to expand our market position in the NAFTA region and part of this is the building of a greenfield plant with state-of-the-art hot- and cold-rolled capacities and hot-dip coating facilities.
At the same time we also want to increase our market share in Europe. 40 percent of the steel from Brazil will be processed at our plants in Germany, where we are investing 400 million euros to expand our value-adding processing and coating lines.