Tata Steel aims to cushion impact of higher iron ore costs after 2030

Tata Steel is boosting upstream options, expanding downstream capacity and improving efficiency to manage higher iron ore costs expected after its captive mines go up for auction in 2030

Building multiple options for upstream capacity, ramping up value-added downstream investments, and doubling down on cost efficiencies are part of Tata Steel’s strategy to mitigate the impact of higher iron ore costs post-2030, when its legacy captive mines come up for auction.

 

A day after Tata Steel announced multiple expansion projects as part of its long-term strategy for India, T V Narendran, managing director and chief executive officer (MD&CEO), told analysts that the company was looking at reducing the impact of higher iron ore cost post-2030. Tata Steel's legacy captive mines will come up for auction in 2030.

 

He noted