Tata Steel Voices Concerns Over Export Risks in Potential UK-US Trade Deal
Tata Steel, a major Indian steel manufacturer with significant UK operations, has expressed concerns about potential risks to its exports under a prospective UK-US trade agreement. The company is actively urging the UK government to secure a comprehensive deal with the US administration as quickly as possible. This appeal highlights the urgency felt by major industrial players in the UK as the country navigates its post-Brexit trade relationships. The outcome of these negotiations could have significant implications for the steel industry and other sectors reliant on cross-Atlantic trade.
06Jun 25
TATA Steel Calls for Swift UK-US Trade Agreement to Safeguard Exports
Tata Steel has called on the Indian government to accelerate the finalization of a comprehensive trade agreement between the UK and the US. The company expressed concerns about potential challenges to its export operations without such an agreement. Tata Steel emphasized the need for swift action, highlighting the critical nature of the situation and its potential impact on the Indian steel industry's global competitiveness. The outcome of this trade agreement could significantly affect market access, tariffs, and overall trade conditions for steel exporters.
Tata Steel Seeks ₹7.57 Billion Compensation for Cancelled Coal Block
Tata Steel has filed a writ petition in the Delhi Court to recover ₹7.57 billion in losses from a coal block cancellation. The company also filed a separate petition for its subsidiary, Bhushan Steel, to recover expenses from another cancelled coal block. This legal action underscores the significant impact of coal block cancellations on the steel industry, as coal is crucial for steel production. The outcome of this case could have broader implications for other companies affected by similar cancellations and may influence future policies on coal block allocations in India.
Tata Steel has inaugurated Phase II of its Kalinganagar operations in Odisha, increasing the facility's annual capacity from 3 million tonnes to 8 million tonnes. This expansion, costing Rs 27,000 crore, represents a 166.67% increase in production capability. The project aims to meet growing steel demand, boost the local economy, and enhance Tata Steel's market responsiveness and competitiveness in the steel sector.
Tata Steel's stock price increased by nearly 5% following positive Q4 FY25 results and future plans. The company's net profit doubled to ₹1,201 crore. Tata Steel announced a ₹15,000 crore capex guidance for FY26. The company expects its UK operations to break even in the next few quarters and Europe operations to reach break-even in Q1. Multiple brokerages have raised their target prices for Tata Steel, maintaining positive outlooks.
14May 25
Tata Steel Unveils Ambitious EBITDA Targets and Growth Plans
Tata Steel has announced robust financial and operational targets. The company aims for EBITDA margins of 20-22% during downcycles and 38-40% during upcycles in India. Deliveries are projected to increase by 1.5 million tons, primarily driven by Indian operations. Price increases are expected in key markets, with India anticipating ₹3,000 per ton and Europe €20-30 increase. The UK operations are expected to remain flat, while slight growth is anticipated in the Netherlands.