India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Tata Steel said it is closely tracking policy and regulatory developments in the European Union and the United Kingdom as it evaluates the timing and scale of its decarbonisation investments in both markets.
The company noted that any major green-capex decision including the planned shift to electric arc furnace (EAF) steelmaking in the UK must align with clarity on government support, carbon-cost frameworks, and long-term competitiveness.
Tata Steel’s UK operations continue to face earnings pressure due to soft steel prices and the phased closure of older blast-furnace assets. In contrast, the company said its Netherlands business has shown improved EBITDA, supported by a better product mix and early progress on green-steel initiatives.
The steelmaker reiterated its commitment to low-carbon steelmaking but emphasised that decarbonisation spending must be prioritised and optimised to ensure affordability and value creation for stakeholders.
The company added that future investments will be calibrated to evolving policies, including the EU’s Carbon Border Adjustment Mechanism (CBAM) and the UK’s upcoming industrial-transition frameworks.
Also Read : Germany Passes Carbon Storage Law to Secure Climate Neutrality JSW Steel Soars to ₹1,221.6, Setting New 52-Week Benchmark
The housing boost in the interim budget holds significant market implications, particularly benefiti...
Construction 01-Feb-2024
Veolia, a French utility company, has reached an agreement to acquire a gas-fired power plant in Hun...
Europe 19-Feb-2024
The recent auction for composite licenses of iron ore blocks in Karauli has garnered significant att...
Raw Material 12-Feb-2024
Bangladesh’s steel industry is facing one of its toughest downturns in recent years as demand...
Business 02-Sep-2025
The Ministry of Coal stated in a statement that coal/lignite PSUs operating under its direction and...
Notification 22-Feb-2024
India’s Rama Steel Limited (RSL) has agreed to acquire Abu Dhabi-based Automech Group Holding...
Construction 15-Dec-2025