Thyssenkrupp Officials Express Doubts Over Jindal Steel Deal Agreement

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Thyssenkrupp Doubts Jindal Steel Deal Amid Funding, Subsidy Hurdles

Metal Stocks | In case the markets make a move towards haven assets, the US Dollar could also see some strengthening. Although, that has not been the case in recent times, a stronger US Dollar is generally negative for metals. The Nifty Metal Index was the third-best performing sectoral index in February, with gains of 8%. Stocks like Lloyds Metal, Tata Steel, Jindal Steel, Welspun Corp, SAIL, Adani Enterprises, and Vedanta gained between 10% to 15% last month.

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CNBC TV18•12-03-2026, 20:27

Thyssenkrupp Doubts Jindal Steel Deal Amid Funding, Subsidy Hurdles

•Thyssenkrupp officials are increasingly doubtful about selling their steel division to India’s Jindal Steel International.
•Key issues include Jindal's funding for Thyssenkrupp Steel Europe (TKSE) and Thyssenkrupp's required cash injection (at least €2 billion).
•Uncertainty over German government subsidies for TKSE's decarbonisation efforts further complicates negotiations.
•Despite doubts, discussions are ongoing, and a path to a deal is still considered possible.
•The complex negotiations highlight the challenge for CEO Miguel Ángel López Borrego in divesting the loss-making steel unit.

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