FILE PHOTO: Workers wearing face masks following the coronavirus disease (COVID-19) outbreak load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS  ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT./File Photo
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CNBC TV1812-02-2026, 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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