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Thyssenkrupp AG is in talks with Jindal Steel International over potential supply arrangements linked to Vitkovice Steel. While negotiations continue, the company’s CFO ruled out share buybacks, instead highlighting the strong impact of its Apex efficiency programme on results.
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Thyssenkrupp AG, one of Europe’s leading industrial groups, is actively negotiating with Jindal Steel International regarding supply agreements tied to Vitkovice Steel. Jindal acquired the Czech steelmaker in 2024, marking a significant expansion into Europe. The talks reflect Thyssenkrupp’s strategy to strengthen partnerships while focusing on operational efficiency.
Key Highlights
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Thyssenkrupp CEO confirmed ongoing discussions with Jindal Steel International over Vitkovice Steel supply arrangements.
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Jindal Steel’s acquisition of Vitkovice Steel in 2024 has set the stage for deeper collaboration with European partners.
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The CFO emphasized that a financial share buyback is not currently under discussion, signaling a cautious capital allocation approach.
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The Apex efficiency programme has delivered a positive mid-triple digit million euro impact, boosting operational results and competitiveness.
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Thyssenkrupp clarified that there are no immediate plans for a share repurchase, with focus remaining on efficiency and strategic partnerships.
The developments highlight Thyssenkrupp’s dual focus: leveraging internal efficiency gains while exploring external partnerships to reshape its steel business. For Jindal Steel, the talks represent a significant step in consolidating its European presence after Vitkovice Steel.
Sources: Reuters, Mint
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