Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Koushik Chatterjee, Executive Director & CFO of Tata Steel, has said that stronger policy support from the UK government is essential for the company’s British operations to achieve and sustain cash neutrality.
He noted that the UK has “virtually become a dumping ground” for steel imports, putting pressure on prices and margins for domestic producers. To remain viable, Tata Steel UK needs a supportive framework on trade, energy and decarbonisation, including:
Better management of unfair steel imports,
More competitive energy costs, and
Clear backing for low-carbon investments, such as new electric arc furnaces.
Chatterjee stressed that while Tata Steel is committed to its decarbonisation and cost-reduction plans in Europe, the pace and scale of investment must be aligned with policy clarity and funding support, so that the transition does not over-strain the balance sheet.
In parallel, Tata Steel is expanding capacity in India, where demand is robust and policy visibility is higher, with additional volumes expected from Neelachal Ispat Nigam, Bhushan assets and Kalinganagar over the coming years.
He underlined that a balanced strategy—combining targeted UK policy support with growth in India—is key to the group’s long-term profitability and capital allocation.
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