{"id":903103,"date":"2026-05-03T04:18:14","date_gmt":"2026-05-03T09:18:14","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/03\/thyssenkrupp-jindal-call-off-steel-sale-talks-after-months-of-negotiations\/"},"modified":"2026-05-03T04:18:14","modified_gmt":"2026-05-03T09:18:14","slug":"thyssenkrupp-jindal-call-off-steel-sale-talks-after-months-of-negotiations","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/05\/03\/thyssenkrupp-jindal-call-off-steel-sale-talks-after-months-of-negotiations\/","title":{"rendered":"Thyssenkrupp, Jindal call off steel sale talks after months of negotiations"},"content":{"rendered":"
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Lopez has made major progress in recent years with turning Thyssenkrupp into a holding company, most notably by separately listing its hydrogen and warship divisions. Still, long-standing plans to divest the volatile steel business have proved more difficult to achieve.<\/h2>\n<\/p>\n
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By Reuters\u00a0<\/span>May 3, 2026, 1:24:18 AM IST (Published)<\/span><\/span><\/p>\n<\/div>\n

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Thyssenkrupp has paused talks with India’s Jindal Steel International about a possible sale of the German industrial group’s steel unit, it said on Saturday, marking a setback for CEO Miguel Lopez’s restructuring efforts.<\/p>\n

\nLopez has made major progress in recent years with turning Thyssenkrupp into a holding company, most notably by separately listing its hydrogen and warship divisions. Still, long-standing plans to divest the volatile steel business have proved more difficult to achieve.<\/p>\n

\nWhile the companies did not provide a reason for why talks had ended, Lopez said in the statement that prospects for the steel business were “better than they have been in a long time”, citing improved conditions across the continent.<\/p>\n

\nReuters reported in March that the discussions over a deal, which started in September, could be called off due to differences over pension liabilities, investments and energy costs, citing four people familiar with the matter.<\/p>\n

\nJindal Steel International had made an indicative bid for Thyssenkrupp Steel Europe (TKSE) last year, leading to months of due diligence and negotiations on a potential purchase of what is Europe’s second-biggest steelmaker.<\/p>\n

\n“The original assumptions and prerequisites for a potential sale of Thyssenkrupp Steel have significantly changed in recent months,” Thyssenkrupp said in a statement, adding that the decision to halt the talks was mutual.<\/p>\n

SECTOR PRIMED FOR REBOUND<\/strong><\/p>\n

\nEurope’s steel sector has been boosted by EU safeguard measures to better protect it against cheap Asian imports, essentially throwing the industry a lifeline after years of plant closures and job cuts.<\/p>\n

\nAs a result, the sector is set for a rebound and the first quarter of 2026 could represent an inflection point, analysts have said, pointing to higher steel prices on the continent.<\/p>\n

\nNarendra Misra, director of European operations at Jindal, said despite talks being paused, the groups “remain connected in friendship and our shared goal remains to work on building low-carbon steel production in Europe”.<\/p>\n

\nThyssenkrupp said it would, for now, continue with TKSE’s restructuring, confirming a medium-term goal of making the business independent and eventually retaining a minority stake.<\/p>\n

\nJuergen Kerner, deputy chief of Germany’s IG Metall labour union as well as Thyssenkrupp’s supervisory board, on Saturday called on management to start talks soon over an independent set-up for TKSE.<\/p>\n<\/div>\n<\/section>\n

Read More<\/a>
\n Anjali Jha<\/p>\n","protected":false},"excerpt":{"rendered":"

Lopez has made major progress in recent years with turning Thyssenkrupp into a holding company, most notably by separately listing its hydrogen and warship divisions. Still, long-standing plans to divest the volatile steel business have proved more difficult to achieve. By Reuters\u00a0 May 3, 2026, 1:24:18 AM IST (Published) Thyssenkrupp has paused talks with India’s<\/p>\n","protected":false},"author":1,"featured_media":903104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96843,43694],"tags":[],"class_list":{"0":"post-903103","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jindal","8":"category-thyssenkrupp"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/903103","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=903103"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/903103\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/903104"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=903103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=903103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=903103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}