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
Thyssenkrupp CEO Highlights Positive Steel Market Sentiment Amid M&A Talks
Positive Market Sentiment and M&A Discussions
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.
Impact of Tariffs on Steel Stocks
"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.
Future Conversations with Jindal
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".
(Reporting by Christoph Steitz, editing by Thomas Seythal)
