Essen, Germany, May 5, 2026 — Thyssenkrupp halted talks to sell its steel division to India’s Jindal Steel & Power, ending seven months of negotiations. The company said its steel business outlook is “better than in a long time” due to improving European market conditions. Disagreements over pension liabilities, investment commitments, and energy costs led to the breakdown. US fund Flacks Group has expressed interest in acquiring the unit if the Jindal deal fails.