Steel demand to grow 8-10% in H2: T V Narendran
On the proposed Netherlands project, he said the company is actively engaged with the government there to resolve issues before signing of a binding agreement
Tata Steel's CEO and MD, T V Narendran, has forecasted an 8-10 percent increase in domestic steel demand for the second half of the current fiscal year. Speaking at the Indian Foundation for Quality Management (IFQM) Symposium 2026, Narendran cited strong performance in all-consuming sectors as the reason for this optimistic outlook.
Regarding a proposed project in the Netherlands, Narendran revealed that Tata Steel is working with the Dutch government to address various issues before a binding agreement can be signed. The primary concerns include the closure of coke ovens and the handling of steel slag. Narendran emphasized that these matters must be resolved to proceed with the agreement.
Tata Steel has a manufacturing plant in IJmuiden, Netherlands, with an annual installed capacity of approximately 7 million tonnes. The company has implemented a transformation program to enhance production efficiencies, reduce fixed costs, and optimize the product mix and margins at the facility through the deployment of low-carbon emitting steel processes.
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