Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
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.
Also Read : Buy or Sell: JSPL, JSW Steel, Tata Steel & SAIL Amid Global Metal Shifts? Maharashtra Clears 937 Hectares for Gadchiroli Steel Plant Expansion
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