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Tata Steel soars, but EU's a risk

Mint Bangalore

|

October 07, 2025

Weighed down Tata Steel's European operations have been a drag on its consolidated financials.

- Ananya Roy feedback@livemint.com

Riding a broad metals rally, Tata Steel Ltd has more than quadrupled investor wealth over the past five years. Industry tailwinds pushed the stock to a fresh 52-week high of ₹174.74 on 3 October.

Optimism around potential US rate cuts, which could weaken the dollar and benefit commodities, including steel, has bolstered sentiment. Further support is expected from anticipated import tariffs in Europe and a long-overdue reduction in China's steel output, which should lift realizations and margins.

This comes at a critical juncture for the steel major, whose consolidated Ebitda margin has compressed to 12% in FY25 from 26% in FY22. While margins rebounded to 14% in QIFY26, Tata Steel's European operations continue to weigh on consolidated financials. By contrast, QIFY26 standalone Indian business posted a robust margin of 23.4%.

FLERE HISTORIER FRA Mint Bangalore

Mint Bangalore

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'Germany needs new partners as trusted alliances crumble'

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Fed set to pause rate cuts, with no clear path to resuming

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Budget session to see motor vehicles, agri, IBC legislation

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State demography isn't destiny but still matters

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Impasse to end as ESMA, RBI renew pact

The European Securities and Markets Authority (ESMA), the European Union’s financial markets regulator, on Tuesday said it has entered into an agreement with the Reserve Bank of India (RBI) to exchange information for the recognition of Indian central counterparties (CCPs), more than three years after a standoff began over domestic clearing houses.

time to read

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MANAGING INVESTMENTS IN 2026 AMID VOLATILE MARKETS

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Axis Q3 beat, margin test looms

Axis Bank's Q3FY26 profit surpassed estimates, despite continued margin-compression.

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The India-EU deal opens up big opportunities for both

Prime Minister Narendra Modi and his government deserve applause for concluding a landmark trade deal with the European Union (EU).

time to read

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India-EU FTA opens up import route for European carmakers

India’s free trade agreement (FTA) with the European Union, announced on Tuesday, will allow European carmakers such as BMW, Mercedes-Benz India and Volkswagen Group to use imports more strategically to introduce newer models and test demand in India, without committing upfront to local manufacturing.

time to read

2 mins

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Mint Bangalore

Hindalco announces ₹21,000-cr aluminium push

Hindalco Industries Ltd, the metals flagship of the Aditya Birla Group, on Tuesday announced a ₹21,000-crore plan to expand its Odisha aluminium smelter.

time to read

1 min

January 28, 2026

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