thyssenkrupp Steel, a leading Duisburg-based steel manufacturer, is showcasing its cutting-edge steel solutions for the solar industry at Intersolar Europe 2024 in Munich from June 19 to 21. The company's innovative products, ZM Ecoprotect® Solar and pladur®, are designed to meet the growing demands of the solar market while contributing to environmental and climate protection.
ZM Ecoprotect® Solar is a high-quality zinc-magnesium coated steel that offers durable corrosion protection for robust steel substructures of solar systems. These metallic coated steels are ideal for use in various corrosive atmospheres and can be processed into profiles, ensuring a guaranteed service life for PV mounting systems. thyssenkrupp Steel has expanded its hot-dip coating line 6 by adding new melting pots, increasing its production capacities for zinc-magnesium products to meet the growing demand for ZM-coated steels in the solar market. The company plans to offer ZM Ecoprotect® Solar with extended coating thicknesses and dimensions in the future.
In addition to its corrosion-resistant properties, ZM Ecoprotect® Solar is also available as CO2-reduced bluemint® Steel, thyssenkrupp Steel's sustainable steel solution that contributes to environmental and climate protection. By using bluemint® Steel in PV mounting systems, the solar industry can reduce its ecological footprint and shape a more sustainable future.
hyssenkrupp Steel's portfolio also includes pladur®, an organic coil-coated flat steel solution for housings and panels in solar applications. Pladur® is an cost-effective alternative to the costly piece coating of housings, making it an ideal material solution for the housing industry. The coil-coated flat steel offers a wide range of surface and appearance options, including glossy, matte, colored, textured, and UV-resistant finishes, allowing for the realization of individual specifications.
Using coil-coated material like pladur® offers numerous advantages in the production and design of metal enclosures. The production process becomes more cost-efficient, shorter, and less complex, as the piece coating step and associated activities, such as procurement, storage, and disposal of coating materials, are eliminated. Pladur® is available as strip, slit strip, or sheets and can be supplied with a wide range of coating materials, including liquid paints, films, or paint/film combinations, depending on the required decorative and functional surface properties.
thyssenkrupp Steel's commitment to sustainability is further demonstrated by the availability of pladur® as CO2-reduced bluemint® steel. By opting for this eco-friendly alternative, the solar industry can further reduce its carbon footprint and contribute to global climate protection efforts.
As the solar industry continues to grow and evolve, thyssenkrupp Steel remains at the forefront of innovation, providing high-quality, durable, and sustainable steel solutions. The company's presence at Intersolar Europe 2024 highlights its dedication to supporting the energy transition and meeting the ever-changing needs of its customers in the solar market.
Frankfurt Stock Exchange: TKA.DE
Current Price: €7.45
Change: + 0.18 (2.47%)
Based on the technical analysis model, thyssenkrupp's stock is currently in a sideways trend. The stock price has been oscillating between the support level of €7.20 and the resistance level of €7.60 for the past few weeks. The 50-day moving average is flat, indicating a lack of clear direction in the short term. The MACD (Moving Average Convergence Divergence) indicator is close to the zero line, suggesting a neutral momentum. The Relative Strength Index (RSI) is at 52, which is in the middle of the range, further confirming the sideways movement. The Bollinger Bands are narrowing, indicating a potential breakout in the near future. Traders should watch for a decisive move above the resistance level of €7.60 or below the support level of €7.20 to determine the future direction of the stock. Fibonacci retracement levels suggest that if the stock breaks above the resistance level of €7.60, it may face further resistance at €7.85 (38.2% retracement) and €8.10 (50% retracement). On the other hand, if the stock breaks below the support level of €7.20, it may find support at €6.95 (38.2% retracement) and €6.70 (50% retracement). Overall, the technical analysis suggests that thyssenkrupp's stock is currently in a neutral phase, with a potential for a breakout in either direction. Investors should monitor the key support and resistance levels and watch for any significant changes in volume or momentum indicators to gauge the future trend of the stock.
