[SMM Steel] Sale talks for Thyssenkrupp’s steel unit to Jindal Steel stalled

Published: Mar 20, 2026 18:16

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[SMM Steel] Talks to sell Thyssenkrupp’s steel division (TKSE) to India's Jindal Steel International have stalled. Juergen Kerner, deputy chairman of Thyssenkrupp's supervisory board, stated that Jindal has failed to respond to a detailed questionnaire from labor representatives despite conducting due diligence since October. The German side warned that the deal must not remain in limbo for months, as labor unions seek clarity on job security and investment commitments.

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