Thyssenkrupp In Talks For At Least 5 Billion Euros In Steel Aid

- Nov 10, 2020-

Thyssenkrupp AG is in talks with the German government over an aid package for its struggling steel unit worth at least 5 billion euros (S5.9 billion), well exceedino the group's current market value.Chancellor Angela Merkel's government has sianaled a willinaness to provide financial support to shore up the unit and ensure future domestic production of an environmentally friendly form of steel, according to people familiar with the matter.While a wide range of aid is still being debated, the steelmaker and politicians are exploring about 2 billion uros in liquidity from a government fund and at least 3 billion euros in grants. said the people. who cautioned the amount is fluid and could still change considerably durina the neaotiations.Once svnonymous with German industrial prowess. Thyssenkrupp is fiohtina for survival. The pandemic ntensified deep-seated structural issues at the company, which still employs more than 100.000 people. Its steel division faces severe problems. with profitability hammered by vawning pension deficits and cheap stee imports from AsiaThe government is ready to offer grants equivalent to about 30% to 40% of the 10 billion-euro transition to fossil-free steel under a hydrogen-development program, said one of the people. who asked not to be dentified because the talks are private.In addition to money for the green-steel proiect. Thyssenkrupp is also in talks with the government's WSF fund. which was set up earlier this vear to rescue companies from a pandemic-induced liquidity crunch. The discussions are aimed at helping stabilize the business by covering losses of about 2 billion euros and more funds might be needed, the people saidThe complex talks also involve Thyssenkrupp's home state of North Rhine-Westphalia. There are differences over the total package and how it would be structured. with the government seeking to minimize the use of WSF furds as much as possible, the people saidThere are formidable obstacles for tappina the money because of long-running issues at the company. and no final decision has been reached, they said.

Product Description

3PE Coating Steel Pipes, large diameter SSAW spiral welded steel pipe steel pipe
Spiral steel pipe was made by steel coil, extrusion forming under the normal temperature, take the technology of double wire and double-faced submerged-arc welded.

Nominal Diameter of Steel Pipe (DN)
Epoxy Coating
Adhesive Layer
Min Thickness of Anti-Corrosion Layer (mm)
General Type
Strengthen Type
100< DN≤250
250< DN<500
Company Information
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.

No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.

CSPG  has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation. 

We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.

Obvious Advantage

.Senior Experience:16 years anti-corrosion and insulation steel pipe experience

Ⅱ.Factory Strength:First-grade Processing And Testing Equipments in China

Ⅳ. Certificates (ISO9001 & OHSAS18001 & ISO14001)

Ⅴ.Exhibition and Factory Visiting

Ⅵ. High Quality Service and Professional On-site Guidance

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