Tata Steel CEO Alerts on Domestic Steel Price Strain

Tata Steel Managing Director and CEO T V Narendran has highlighted pressure from low‑priced imports and signalled an expected rebound in Indian steel prices, while noting robust demand from key sectors, as per The Times of India report. 

Tata Steel CEO Highlights Domestic Price Pressure 

Narendran urged the government to monitor unfairly priced steel imports, stating that existing safeguards have helped but faster action is needed.  

He said steel prices appear to have hit their bottom in the last quarter and projected an increase of about ₹2,200 per tonne for the fourth quarter compared with the third quarter. The CEO also indicated that margins are set to improve in the March quarter. 

Domestic Demand Drivers 

Infrastructure, construction and automotive sectors continue to drive steel consumption, with finished steel output rising 10.8% and consumption up 7.8% year‑on‑year, according to the Economic Survey 2025‑26.  

Narendran noted that steel demand growth typically exceeds GDP growth, citing a pattern of 9‑10% demand growth when GDP expands at 7%. 

Read More: Tata Steel Denies Collusion, Cites Global Trends as It Prepares CCI Response! 

Raw Material Cost and Coal Supply 

Coking coal prices remain volatile, especially due to weather disruptions in Australia, which supplies the majority of Tata Steel’s coal.  

The company blends coal to mitigate cost and has indicated that alternative sources, such as those from the United States, are not suitable for its stamp charging technology. 

European Carbon Border Tax Impact 

The Carbon Border Adjustment Mechanism creates a level playing field for European operations. Narendran said the tax supports Tata Steel’s European business and has minimal effect on Indian operations because little Indian steel is exported to Europe. 

Tata Steel Share Price Performance  

As of February 11, 2026, at 9:27 AM, Tata Steel share price on NSE was trading at ₹209.35 up by 0.64% from the previous closing price. 

Conclusion 

The CEO’s statements underline concerns over cheap imports, an anticipated price recovery, strong domestic demand, volatile coal costs and the role of Europe’s carbon tax in shaping Tata Steel’s operational landscape. 

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