Indian steel giant Jindal Steel has offered to acquire Thyssenkrupp’s European steel unit, aiming to expand global presence and sustainability.

Sep 17, 2025

Indian steel giant Jindal Steel has offered to acquire Thyssenkrupp’s European steel unit, aiming to expand global presence and sustainability.

Jindal Steel International’s bid comes amid mounting financial pressures faced by Thyssenkrupp’s steel division, including rising energy costs and tighter competition.

The move has been welcomed by Germany’s metalworkers’ union, IG Metall. Mr. Jürgen Kerner, Vice Chairman of IG Metall and Deputy Chairman of Thyssenkrupp’s Supervisory Board, described the bid as ‘fundamentally good news’ for employees. He pointed out that Jindal’s access to raw materials and its green transformation expertise could help secure the future for Thyssenkrupp’s workforce. 

Kerner also emphasized the urgency of entering substantive discussions to resolve key outstanding issues, including regulatory approvals and terms that address both business and labour concerns. Employee representatives are said to be willing participants in the talks to safeguard worker interests. 

For Jindal Steel, the acquisition represents a strategic opportunity to strengthen its presence in Europe and accelerate its transition towards more sustainable steel production. Thyssenkrupp’s established infrastructure and market position would provide a valuable platform for growth. 

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Negotiations are expected to proceed over the coming weeks. Both Jindal Steel and Thyssenkrupp will need to address a number of pending issues—including regulatory, financial, and operational matters—before a deal can be finalized.