Tata Steel reports on different market conditions in Europe and Britain
Indian steel company Tata Steel has reported on various trends in its European operations:The situation in the EU is improving due to the announced new steel import measures and the CBAM mechanism, while in the UK the market remains weak, Metal Expert reports.
Tata Steel Netherlands generated revenue of 1.35 billion euros in October-December, which is slightly higher than in the same period last year. EBITDA for the period amounted to 55 million euros, which is an improvement after losses in the third quarter of fiscal year 2024/2025.
Production and supplies declined due to seasonal factors and weak demand. Shipments during the period fell by 8.5% to 1.4 million tons.
Commenting on the situation in the EU market, Tata Steel CEO T. V. Narendran noted that the new tariff system and CBAM supported market sentiment, calling them "key to rebalancing market dynamics in the EU."
In the UK, revenue in October-December amounted to 468 million pounds, which is 2% less than in the same period of the previous year, and the EBITDA loss was 63 million pounds, approximately at the level of the third quarter of 2025/2026 financial year.
Shipments during the specified period decreased by 8.7% year-on-year, to 520 thousand tons, due to the transition of the British division from blast furnace converter steel production (BF — BOF) to electric arc furnaces (EAF).