thyssenkrupp Steel, Germany's largest steelmaker, has finalized a comprehensive restructuring agreement with IG Metall union through September 2030. The accord reduces workforce capacity by approximately 11,000 positions while explicitly avoiding compulsory redundancies, reflecting Germany's collaborative industrial relations model. The company is simultaneously investing in direct reduction technology for hydrogen-based steel production at Duisburg, repositioning itself toward specialty & low-carbon segments to maintain competitive viability within Europe's evolving steel market landscape.