Steel sentiment boost reflected in M&A talks with Jindal, Thyssenkrupp CEO says
February 12, 2026 01:51:04 PM
FRANKFURT, Feb 12 (Reuters) - Stricter upcoming quotas and tariffs on steel imports into Europe have boosted sentiment on beaten steel stocks, the CEO of Thyssenkrupp said, adding this was also reflected in current talks to sell the firm's steel division to India's Jindal Steel.
"There is a clear positive sentiment here," Miguel Lopez, who currently seeks to sell a majority in Thyssenkrupp Steel Europe to Jindal Steel International, told analysts after presenting first-quarter results on Thursday.
He said the improved situation, which he said had materialised over the past four months, would be part of the "conversations with our colleagues from Jindal, no doubt about that".
Steel News
- US steelmakers are calling for clearer smelting and casting rules under the USMCA
- Italy increased steel production by 4.9% m/m in May
- Nippon Steel forecasts steady growth in the US market
Steel Export Market Prices
| Material | Price | Change |
|---|---|---|
| Stainless Seamless Pipe 304 108*4 mm | $ 2196.65 | 11.34 |
| Stainless Scrap 304 Solid | $ 1296.97 | -12.95 |
| Stainless Bar 321 60 mm | $ 2197.04 | -13.10 |
| Stainless Bar 304 60 mm | $ 1956.28 | -13.25 |
| Stainless HR Coil 304/No.1 6.0 mm | $ 1902.08 | -9.39 |