[SMM Steel] On March 24, 2026, Jindal Steel Limited (JSL) announced the completion of its 6 million mt expansion project at the Angul steel mill in Odisha. The milestone was marked by the firing of the third basic oxygen furnace (BOF3). With this expansion, the Angul facility's capacity has doubled to 12 million mt per year, bringing JSL’s total domestic installed capacity to approximately 15 million mt per year. The project includes integrated upstream and downstream infrastructure to drive higher volumes and revenue growth.

[SMM Steel] Talks to sell Thyssenkrupp’s steel division (TKSE) to India's Jindal Steel International have stalled. Juergen Kerner, deputy chairman of Thyssenkrupp's supervisory board, stated that Jindal has failed to respond to a detailed questionnaire from labor representatives despite conducting due diligence since October. The German side warned that the deal must not remain in limbo for months, as labor unions seek clarity on job security and investment commitments.

[SMM Steel] India’s Jindal Steel secured the Rengalaberha North-East Extension and Nuagan West iron ore block in Odisha through a state auction, offering a 111.15% premium over the base price. The mine is estimated to hold around 38 million tonnes of reserves, including about 29 mt of high-grade iron ore with Fe content near 60%, while the overall average grade is 57.87% Fe.

According to an Odisha government official on Wednesday, March 11, Jindal Steel Limited was named the preferred bidder for the Thakurani A1 iron ore block after submitting the highest bid in an auction of 12 mineral blocks. Once the contract is signed, the block will provide raw materials for the company's Angul steel mill. The block has estimated reserves of 50 million mt, with an expected annual extraction of 1.5-2 million mt. Development of the block is anticipated to take three years.

【SMM Steel】Talks between Thyssenkrupp and Jindal Steel over TKSE since autumn continue with no formal offer yet. US fund Flacks Group said it is prepared to bid if current negotiations fail. Flacks, focused on distressed assets, was picked by Italy for exclusive talks on Acciaierie d'Italia in Dec. It remains focused on Italy but monitors major steel firms.