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.
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.
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!
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.
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.
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.
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.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 11, 2026, 11:10 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
EN