Shares of Jindal Steel are likely to remain in focus on Wednesday, September 17, after the company confirmed its interest in acquiring Thyssenkrupp’s European steel division. The move marks a bold step by the Indian steelmaker to expand its global footprint and strengthen its access to raw materials and green steel technology.
Thyssenkrupp AG’s CEO, Miguel López, informed the Supervisory Board about receiving an offer from Jindal Steel International to acquire its steel operations in Europe. The announcement sparked reactions from employee representatives, with Germany’s powerful metalworkers’ union IG Metall describing the proposal as “fundamentally good news” for the workforce.
Jürgen Kerner, Vice Chairman of IG Metall and Deputy Chairman of Thyssenkrupp AG’s Supervisory Board, said: “The fact that a growth-oriented steel company like Jindal Steel International wants to become a strategic investor in Thyssenkrupp Steel is fundamentally good news for our employees. Jindal Steel has its own access to raw materials and expertise in the green transformation. Now it is important to quickly enter into substantive discussions to gain clarity on the most important outstanding issues as quickly as possible. The employee representatives are ready to participate constructively in the process.”
Recent share price performance
At the time of writing, Jindal Steel’s shares are being closely watched by investors, with analysts expecting volatility as clarity emerges on the transaction details. The stock has already witnessed heightened activity in the run-up to the announcement, reflecting investor anticipation of a potential European expansion.
Outlook
If completed, the acquisition would position Jindal Steel as a stronger player in Europe’s green steel transition, offering synergies in raw material sourcing and sustainable production. For Thyssenkrupp, the deal may provide a path to stabilize its struggling steel division through strategic foreign investment.
