Thyssenkrupp is reportedly advancing talks to sell its German steel unit, Thyssenkrupp Steel Europe (TKSE), to India's Jindal Steel International through a phased transaction. 

Jindal would initially acquire about 60% of the division, with the remaining 40% transferred later based on restructuring progress. This structure is viewed as a pragmatic solution to address TKSE’s high costs and significant pension liabilities, which have historically complicated a sale.

A Jindal delegation is scheduled to visit TKSE’s Duisburg facilities in January for technical inspections.