Thyssenkrupp AG's plan to sell its steel division to Jindal Steel International faces serious uncertainty, according to senior company officials. The German industrial giant has been in talks to offload the struggling steel unit to the Indian conglomerate, but negotiations appear to have stalled.

Thyssenkrupp's steel division has been a persistent drag on the company's financial performance, prompting management to seek a buyer. The potential sale to Jindal Steel International was seen as a strategic move to streamline operations and focus on more profitable business segments. However, the talks have encountered obstacles that have raised doubts among Thyssenkrupp's leadership about reaching an agreement.

The breakdown in negotiations could force Thyssenkrupp to reconsider its options for the steel division. This setback comes at a challenging time for the global steel industry, which faces overcapacity and weak demand. Thyssenkrupp may need to explore alternative strategies, including potential restructuring or partial divestments, if a full sale cannot be completed.