Jindal Steel and Thyssenkrupp pause stake talks over changing deal assumptions

Restructuring progress and Europe rules shift everything

Thyssenkrupp AG and Jindal Steel International have paused discussions on selling a stake in Thyssenkrupp’s steel unit. The companies said the deal assumptions have changed, pointing to restructuring momentum at the steel business and a more favourable regulatory environment in Europe. That creates better growth prospects even as energy costs remain high.