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Tata Steel Braces for Softer Q2 in India

Financial Express Lucknow

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August 01, 2025

TATA STEEL expects a decline in net realisations in its Indian operations in the July-September quarter, following a sequential rise in Q1, the steelmaker's chief executive TV Narendran said during the first-quarter earnings call on Thursday.

- URVI MALVANIA

Net steel realisations in India rose to ₹2,600 per tonne during the April-June period, but these gains were front-loaded and are likely to reverse. "For Q2, we expect net realisations in India to be about ₹2,000 per tonne, lower than Q1," he said.

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