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Thyssenkrupp in ‘intensive’ talks with Jindal Steel for deal

October 21, 2025

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Business Standard

Thyssenkrupp is in intensive talks with Jindal Steel International over the group's interest in its steel business, the German conglomerate's chief executive officer (CEO) said, calling it "good cooperation" but signalling discussions could take a while.

- CHRISTOPH STEITZ, & TILMAN BLASSHOFER

Jindal Steel International last month made an indicative bid for Thyssenkrupp Steel Europe (TKSE), Europe's second-largest steelmaker, to strengthen its foothold on the continent, in what could result in a sale of the business that has long been sought by management.

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