Tata Steel Confident in Europe Green Steel Shift: Chairman

• Tata Steel is transitioning to low-emission steelmaking in the UK and Netherlands with support from government funding.
• A €500 million cost-saving programme is underway, and UK operations now use inputs from India and the Netherlands.
• Chairman Chandrasekaran paid tribute to Ratan Tata and expressed condolences for the Air India tragedy.

Tata Steel is making progress in its decarbonisation initiatives in key regions. In the UK, Tata Steel closed two blast furnaces at its Port Talbot plant, which produces 3 million tonnes per annum (MTPA) of steel and where the company has announced a transition to lower carbon steelmaking.

With the support of £500 million from the UK government, Tata Steel announced it plans to commission a new Electric Arc Furnace (EAF) at the site by fiscal year 2028 using scrap from the region's manufacturing supply chain and reducing the carbon emitted as a result.

The business ceased upstream operations in the UK and has commenced the use of substrates sourced from Tata Steel's operations in India and Dutch operations to service its customers in the UK.

Tata Steel owns a large steel production site in IJmuiden, Netherlands where they produced approximately 6.75 MTPA of liquid steel in FY25. The business is collaborating with the Dutch Government to receive financial and policy support in their decarbonisation roadmap.

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Tata Steel Netherlands has developed a green steel transition plan with the ambition to replace one of their two blast furnaces with a Direct Reduced Iron (DRI) furnace and EAF furnace by the end of the decade. Tata Steel is also undergoing a cost transformation program to save €500m by fiscal 2026 with the goal of becoming one of the most efficient and sustainable producers in Europe.

While giving his speech Chairman N Chandrasekaran remembered the late Tata Group Chairman Emeritus Ratan Tata, who died in October, and expressed sympathies for those who lost their lives in the recent Air India aircraft incident. He specifically stated he attributed Tata Steel's global reach and values to the leadership of Ratan Tata.

He added, "There's a lot to talk about today. I must begin by acknowledging the heavy loss we have felt in recent months. Across the entire Tata Group, we honour those who lost their lives, along with all the families and loved ones affected by the Air India Flight 171 tragedy. Late last year, we also bid farewell to (Ratan) Tata".