As part of its planned reorganization, Germany’s largest steel manufacturer Thyssenkrupp Steel is to divest its stake in Hüttenwerke Krupp Mannesmann (HKM). The chairman of Thyssenkrupp Steel’s supervisory board, Sigmar Gabriel, described this on Friday evening as a core component of a planned, but not yet approved, restructuring programme by the executive board. Thyssenkrupp Steel holds a 50% stake in HKM, the steel group Salzgitter holds 30% and the French tube manufacturer Vallourec holds 20%. HKM employs around 3,000 people. Thyssenkrupp Steel intends to reduce its steel production capacit…