Thyssenkrupp considers divesting materials trading unit as soon as this year
Thyssenkrupp is exploring a potential listing or sale of its materials trading unit by this autumn. The move is part of a major strategic group overhaul.
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thyssenkrupp AG , the industrial conglomerate headquartered in DE 
DE, is currently weighing several strategic options for its materials trading arm, Thyssenkrupp Materials Services (MX). According to deliberations as of February 18, 2026, the group is considering a spin-off, a stock-market listing, or an outright divestment of the division. As part of these discussions, the company is examining a change to the legal form of MX to a KGaA, a structure intended to allow the parent company to retain control even in the event of a majority stake sale.
DE, is currently weighing several strategic options for its materials trading arm, Thyssenkrupp Materials Services (MX). According to deliberations as of February 18, 2026, the group is considering a spin-off, a stock-market listing, or an outright divestment of the division. As part of these discussions, the company is examining a change to the legal form of MX to a KGaA, a structure intended to allow the parent company to retain control even in the event of a majority stake sale.The importance of Thyssenkrupp Materials Services to the wider group is significant, as the division accounted for more than a third of total sales last year, generating approximately 11.4 billion euros. This potential restructuring is a key element of an ongoing corporate overhaul led by CEO Miguel Lopez. The contemplated transaction and legal-structure changes are expected to affect the group's corporate structure, its readiness for capital-market activity, and its competitive position in the US 
US steel service market.
US steel service market.
