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In the past six trading days, the Nifty Metal index has underperformed the market by falling 6 per cent, as compared to 0.4 per cent decline in the Nifty 50.
Tata Steel may have to defer the timeline of its 1.25-billion-pound UK project for transitioning to a low-carbon steel-making process by six to eight months, as the company is facing delays in "securing access to electricity". As part of its decarbonisation plan, Tata Steel is setting up the UK's largest low-carbon EAF (electric arc furnace) project of 3.2 million tonnes capacity at Port Talbot with 1.25 billion pounds of investment to replace its now-shut blast furnace plant of similar capacity. Before experiencing delays in securing power access, the company was looking to begin operations of the EAF project by late 2027 or early 2028. "While we are working with ESO (Electricity System Operator) and National Grid for the new electrical infrastructure, National Grid has formally alerted to us that their connectivity project is delayed," said Koushik Chatterjee, Executive Director (ED) & Chief Financial Officer (CFO) at Tata Steel. The National Grid has informed about some ...
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Emergency fire crews on Thursday continued to battle a blaze at Tata Steel UK's steelworks at Port Talbot in south Wales, which a workers' union said had caused "substantial damage". The Mid and West Wales Fire Service rushed several firefighters to the site on Wednesday evening and soon confirmed that on-site workers had all been accounted for and safely evacuated. The company said emergency services remain on site and are working with local teams to completely "extinguish the fire". "The incident is not related to the safe and successful demolition of the empty, redundant Gas Holder earlier yesterday (Wednesday) evening," reads a Tata Steel UK statement. "We would like to thank local site teams and the emergency services for their prompt and professional action," it adds. Unite workers' union general secretary Sharon Graham confirmed that no one was injured in the fire after workers were evacuated safely. "The fire did cause substantial damage to a vital production line. Measur
Since April, the Nifty Metal index has zoomed 25 per cent, as against 7.2 per cent gain in Nifty 50.
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A 28-30 per cent surge in global freight costs amid geopolitical tensions, including the escalating West Asia situation, is emerging as the biggest challenge for India's steel industry, even as domestic operations and raw material supplies remain largely stable, a senior Tata Steel official said. The sharp rise in shipping rates, triggered by instability in West Asia and the prolonged Russia-Ukraine conflict, is significantly increasing logistics costs for steelmakers dependent on imported coking coal, he said. "For steel, the biggest impact is freight. Freight rates have gone up by almost 28-30 per cent... This is the direct impact. First, the Russia-Ukraine war, and now the West Asia situation... This is definitely having a cascading effect on almost all countries," Tata Steel Vice-President (Corporate Services) D B Sundara Ramam told PTI. Despite global disruptions, the steel industry has so far managed to maintain production levels, though rising freight and logistics costs are
Narendran and Chatterjee discusses a range of issues - from the Q1 outlook, to the cost impact of the West Asia conflict, and the environmental and regulatory challenges facing its Netherlands ops
Tata Steel shares fell 5 per cent on Monday, after Q4FY26 results, but analysts remain bullish on strong margins, India demand, Europe recovery, and FY27 growth outlook
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Tata Steel posted a sharp rise in fourth-quarter profit, supported by stronger India deliveries, improved product mix and cost transformation across regions
The company's revenue from operations increased 13% to ₹63,270 crore in Q4FY26 from ₹56,218 crore in Q4FY25
Q4FY26 company results: Firms including Power Grid Corporation, Alembic Pharmaceuticals, Solar Industries India, Deepak Nitrite, and NHPC are also to release their January-March earnings today
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Analysts said that the metal space is again a renewed strength after a healthy consolidation phase. They said that strong metal prices will help support or boost the company's profits going forward.
Sagar Business Ventures and Tata Steel launched India's first TJK Superflex weldmesh line in Odisha to boost construction efficiency and precision
Goldman Sachs has initiated coverage of Indian metal (steel) stocks as itsees India as the next steel demand driver. It is bullish on Tata Steel, JSW Steel, Shyam Metalics among others
The Nifty Metal index hit a new high of 12,816 in intra-day trade on Thursday and has bounced back 18% from its previous month low of 10,819.85 touched on March 23, 2026.
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