Tata Steel

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The Netherlands reduced steel production by 25% y/y in 2023

The decrease in the indicator is probably a consequence of the shutdown of blast furnace No. 6 Tata Steel IJmuiden from March 2023

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Tata Steel restarts blast furnace No. 6 in IJmuiden

The unit was idle for 10 months due to maintenance and force majeure

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Tata Steel focuses on restructuring assets in Europe

The first stage of decarbonization in the Netherlands involves the transition from coke production to DRI

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Tata Steel’s sales in India hit a record high in October-December 2023

The volume of deliveries of Tata Steel India in this period amounted to 4.88 million tons

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Tata Steel plans to cut 800 jobs in the Netherlands

The reorganization will mainly affect management and support staff at the Eimeiden plant

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Tata Steel Netherlads seeks government funding for decarbonisation

Soon, the company plans to provide a detailed decarbonization program to discuss the terms of the project

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Tata Steel begins construction of a new electric arc furnace in the state of Punjab

The capacity of the unit will be 750,000 tons of steel per year

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Tata Steel Europe reduced steel sales by 4% y/y in April-September

The division's steel production decreased by 17% y/y through the maintenance of one of the blast furnaces in the Netherlands

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The union called on the Dutch government to support the decarbonisation of Tata Steel Nederland

Over the past two years, the parties have been unable to reach firm agreements

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Tata Steel expects steel prices to decline in Q2 FY2023/2024

The company predicts a drop in prices both in India and in Europe

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Tata Steel has increased its capital expenditure plan for FY2023/2024

In this period, the company plans capital expenditures in the amount of $1.95 billion

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