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According to Reuters, ThyssenKrupp's steel division announced it will temporarily shut down its European silicon steel production lines due to a surge in demand for the material from Asia. M120-30S Grain oriented electrical steel, This material is widely used in critical equipment such as wind turbines, transformers, and power grid infrastructure. ThyssenKrupp warned that this move could put 1,200 jobs at risk.
This newly disclosed decision highlights the operational pressures faced by the European steel industry amid global trade frictions. M120-30S Grain oriented electrical steel, Industry sources indicate that Asian producers, facing oversupply, have increased exports to Europe at prices approximately 25% lower than local prices, weakening the competitiveness of European steel companies.
