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Tata Steel Plans Big Improvements in Europe, Focuses on Green Steel and Strong Indian Growth

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Tata Steel is expecting a big improvement in its business in Europe this year. The company is working on a plan to save €500 million by cutting costs and switching to greener ways of making steel, especially in the UK.

At the company’s Annual General Meeting, Chairman Natarajan Chandrasekaran said talks are ongoing with the Dutch Government to get help with their green steel plans in the Netherlands. Tata Steel is confident that both its UK and Netherlands operations will move ahead with their eco-friendly steel projects as planned.

In the UK, Tata Steel has already started shutting down two old blast furnaces at its Port Talbot plant. These will be replaced by a new, cleaner way of making steel using Electric Arc Furnaces (EAFs), with support from the UK Government. This new system is expected to be ready by 2028.

Chandrasekaran said the company wants its Dutch operations to become one of the most environmentally friendly and efficient steel producers in Europe.

In India, Tata Steel continues to perform strongly. It is operating near full capacity and recently started using the country’s largest blast furnace at its Kalinganagar plant. Another part of the company, Neelachal Ispat Nigam Ltd, also did well—earning Rs 1,000 crore (Rs 10 billion) in profit and generating extra cash.

Globally, the economy is expected to slow down, with growth dropping from 2.8% in 2024 to 2.3% in 2025 due to international tensions and changing trade routes. But India is still doing well, with a projected growth of 6.5%, thanks to a strong population, government reforms, and support from private companies.

Lower prices of coking coal helped reduce costs a little, but weak global steel prices and market ups and downs are still putting pressure on profits. Going forward, Tata Steel will focus on saving money, keeping its finances strong, and investing in big projects for growth in India and cleaner steel production in Europe.

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