Jindal Steel International, a subsidiary of India's Jindal Steel limited, officially submitted an inconspicuous proposal to purchase the THYSSENKRUpp AG steel business, the company announced on Wednesday, September 17.
2 billion investments in investment in Duisburg
. and the construction of an additional electric arc furnace (EAF), with a financial duty exceeding 2 billion euros.“We believe in the future production of green steel in Germany and Europe. Our goal is to maintain and grow TyssenkrupP a 200-year-old industrial heritage, at the same time transforming it into the largest in European steel steel, ”-according to Narendra Miss, the director of the Eirian steel steel steel, steel. International.
Thyssenkrupp Steel Europe: the strategic business
unit Thyssenkrupp, Steel Europe. billion dollars. The United States in the 2024-25 financial year, accounting for 27.5 percent of the group of 38 billion dollars. Nevertheless, the unit has long been in a strategic review, faced with weak demand, growing costs and severe needs in investment in decarbonization, according to analysts.
In response to the proposal of the Jindal, the Executive Council of Thyssenkrupp AG said that it would carefully evaluate the proposal, with the proposal, with An emphasis on economic stability, green transformation and employment in German steel sites
. Silence Jindal Steel is part of the Naveen Jindal family group, operating throughout Europe, Asia, Africa and the Middle East. The company received approximately 12 billion euros of income in the 2024-25 financial year, which further strengthened its position as a large global steel manufacturer.
