JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Tata Steel is back in focus after HSBC reaffirmed its Buy rating and set a target price of ₹215, pointing to supportive policy moves across key markets. The brokerage said the company’s recent underperformance looks surprising, especially given its large European presence and the potential benefits from stronger steel pricing.
A major trigger is Europe’s carbon-border regime. The EU’s CBAM entered into force on January 1, 2026, a move that could improve pricing conditions for regional steel players and support Tata Steel Netherlands. HSBC believes this may create upside to earnings if realizations improve further.
The broader backdrop is also turning supportive. The UK has announced tighter steel import quotas and higher tariffs, while India has also been weighing protective steps for domestic steelmakers amid import pressure. Together, these measures could strengthen sentiment around Tata Steel’s global business outlook.
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