European divisions of Tata Steel demonstrate profit growth
Tata Steel's operations in the UK and the Netherlands showed profit growth during the quarter ended June 30, according to Kallanish reports.
In the UK, revenue totaled 536 million pounds ($712 million) during the reporting period. In the first quarter of 2026, the company lost 41 million pounds, compared with 80 million pounds in the previous quarter.
The volume of shipments amounted to 0.60 million tons, which is slightly lower compared to 0.63 million tons in the previous quarter and 0.68 million tons year-on-year. The decrease is due to lower demand.
Tata notes lower raw material costs in the UK segment, mainly due to a reduction in substrate purchases during the quarter compared to Q4. The company reported a slight increase in revenue, "mainly due to an increase in sales volumes, despite a decrease in volumes."
The profit and loss reports note that global steel prices declined between April and June. In the UK, "steel prices are still below last year's levels," the company adds.
The demand for steel in Europe was influenced by macroeconomic dynamics and political uncertainty regarding global trade. The UK economy was in an unstable state, and steel prices were affected by a mismatch between local demand and protective quotas.
The Netherlands' revenue for the quarter was 1.519 billion euros ($1.74 billion), and Ebitda was 64 million euros, up from 14 million euros in the previous quarter.
Liquid steel production totaled 1.7 million tons, down quarter-on-quarter from 1.63 million tons and 1.69 million tons year-on-year. Shipments totaled 1.5 million tons, down from 1.75 million tons compared to the previous quarter, but up from 1.47 million tons compared to the same period last year.
Tata recorded an increase in prices for raw materials for the production of iron ore and ferroalloys in the Netherlands, as well as an increase in reserves.
Narendran, Chief Executive Officer and Managing Director, says: "We recently held a groundbreaking ceremony for the Port Talbot Electric steelmaking plant in the UK, marking another milestone on our journey to becoming an environmentally friendly steel producer. In the Netherlands, liquid steel production totaled 1.7 million tons and was close to its design capacity, while productivity growth was driven by a favorable sales structure and higher sales volumes in the refining business."
Tata reported an increase in profit for the first quarter on a consolidated basis.
Narendran says the company has demonstrated steady profitability in all geographical regions, despite unstable global macroeconomic conditions.