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The funds will be used to modernize the enterprise and reduce its environmental impact

Most of the funds are earmarked for projects in India

During this period, steel shipments increased by 11.6% q/q

Over the past fiscal year, the division increased steel production by 4% y/y – up to 20.8 million tons

EU steel producers, in the midst of technological change, find themselves in a difficult situation

Investments are planned to be made within two years

The government has expressed its readiness to provide subsidies for the early implementation of Tata Steel Ijmuiden's planned green projects

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

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

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

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

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