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How Dutch Rejig Helps Tata Steel
Mint New Delhi
|April 15, 2025
A meltdown Tata Steel Nederland has faced profitability stress in the recent past amid lower realization and high energy costs.
Last week, Tata Steel Nederland announced a crucial transformation programme aimed mainly at reducing costs amid tightening spreads in the European market. High energy and carbon costs in recent years have put steel spot spreads under pressure in Europe. As a report by Axis Securities points out, the spreads were at a multi-year low in Q3FY25 at €170 a tonne versus a historical average of €240 a tonne.
Tata Steel's decision may also have been necessitated by the US's 25% tariff on steel imports. Its Netherlands plant exports about 670,000 tonnes annually out of a total production of 6.8 million tonnes to its downstream subsidiaries in the US. The Indian and UK operations have minuscule exposure to the US.
Denne historien er fra April 15, 2025-utgaven av Mint New Delhi.
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