EU Steel Tariffs Boost Thyssenkrupp Amid Jindal Stake Sale Talks

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CNBC TV18•12-02-2026, 17:48
EU Steel Tariffs Boost Thyssenkrupp Amid Jindal Stake Sale Talks
- •EU steel tariffs and stricter quotas have positively impacted struggling steel stocks, according to Thyssenkrupp's CEO.
- •This improved sentiment is influencing ongoing discussions to sell Thyssenkrupp's steel division to India's Jindal Steel.
- •Miguel Lopez, CEO of Thyssenkrupp, confirmed a "clear positive sentiment" during first-quarter results presentation.
- •Lopez is seeking to sell a majority stake in Thyssenkrupp Steel Europe to Jindal Steel International.
- •The improved market situation over the past four months will be a key part of conversations with Jindal.
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