Jindal Steel Eyes Thyssenkrupp Assets for Green Steel Expansion

A delegation from Jindal Steel intends to visit Germany to evaluate thyssenkrupp Steel's assets for potential acquisition. This move follows a non-binding offer in September. The delegation will assess technical and operational aspects, with interests in expanding global presence and transforming into a green steel production leader.

A delegation from Jindal Steel International is set to visit Germany to scrutinize financial and operational aspects of thyssenkrupp Steel's assets. This follows a non-binding offer made in September, as the Naveen Jindal-led group eyes a potential acquisition of the steel division.

Industry sources indicate that representatives will undertake an in-depth assessment of thyssenkrupp Steel's facilities. The evaluation will involve a technical review and a comprehensive analysis of operations. Discussions with workers regarding a 2.7 billion euro pension liability may also occur.

The Duisburg-based facility, with a 50-year history and a capacity of 11 million tonnes annually, is the focus. Jindal aims to expand its global footprint and transform thyssenkrupp into Europe’s leading integrated low-emission steelmaker. Jindal Group’s response to queries remains pending.