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The Jindal Group is reportedly planning to send a delegation to Germany to assess the steel assets of Thyssenkrupp AG, as part of its exploration into potential global expansion and partnerships in the European market.
According to sources, the visit will help evaluate asset valuations, technological synergies, and strategic collaboration opportunities, particularly in the production of high-grade and green steel. Thyssenkrupp, one of Europe’s oldest steelmakers, has been restructuring its steel division amid financial challenges and rising costs linked to decarbonisation.
Industry observers note that the move aligns with Jindal’s long-term ambition to expand its international footprint and gain access to advanced steelmaking technologies, especially in low-carbon steel and hydrogen-based production.
Both companies are yet to officially comment on the development, but analysts believe a potential partnership or acquisition could provide Jindal with a strategic foothold in Europe’s premium steel market.
If finalised, the deal could mark a major step for Indian steel producers in entering Europe’s advanced manufacturing ecosystem, reinforcing India’s growing influence in the global steel value chain.
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