Thyssenkrupp says a potential deal to sell Thyssenkrupp Steel Europe (TKSE) to Jindal Steel International is not yet reflected in its current outlook, signalling that negotiations are still in progress and any transaction timing remains uncertain. For markets, that message matters because TKSE is central to the group’s wider restructuring plan, and a sale would be a major step in reshaping Thyssenkrupp’s portfolio.

The update also suggests the company’s near-term guidance continues to assume a “business-as-usual” baseline until there is a clearer agreement. Investors are likely to track next milestones closely—such as due diligence progress, deal structure, and how risks around restructuring costs, legacy commitments, and workforce changes are handled—before pricing in a final outcome.

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