Thyssenkrupp Steel Europe Successfully Launches PSImarket Energy Trading System

Source: ThyssenKrupp Electric Steel Europe AG

Source: ThyssenKrupp Electric Steel Europe AG

Berlin, March 20, 2023 - PSI Energy Markets GmbH has successfully put the energy trading and risk management system (ETRM) PSImarket into production at Thyssenkrupp Steel Europe AG. The new system will optimize trading and risk management processes and provide traders with dynamic real-time analytics for smarter, faster and more proactive decision-making.

As part of its 20-30 strategy and an increased focus on portfolio management and governance tasks, Thyssenkrupp Steel Europe chose PSImarket due to its technically convincing functionalities. The ETRM system supports the setup of automated and thus economical and resource-saving processes and replaces the previous system from IRM.

Thyssenkrupp Steel Europe AG is a leading producer of quality flat steel with around 27,000 employees. The company supplies numerous sectors with quality products, e.g. automotive, packaging steel, and houseware.

The PSI Group develops its own software products for optimizing the flow of energy and materials for utilities (energy grids, energy trading, public transport) and industry (metals production, automotive, mechanical engineering, logistics). The industry-specific products, which are built from standard components, are sold  both directly and via the cloud-based PSI App Store and can also be customized by customers and partners themselves. PSI was founded in 1969 and employs more than 2,200 people worldwide.