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Tata Steel CEO T V Narendran Predicts 8 to 10 Percent Demand Growth in H2
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News18•06-10-2026, 11:30
Tata Steel CEO T V Narendran Predicts 8 to 10 Percent Demand Growth in H2
- •Domestic steel demand is projected to grow by 8 to 10 percent in the second half of the current fiscal year.
- •Tata Steel CEO and MD T V Narendran stated that all major steel-consuming sectors are currently strong.
- •The company is actively engaged with the Netherlands government to resolve issues regarding coke oven closure and steel slag classification before signing a binding agreement.
- •Tata Steel operates a 7 million tonnes per annum manufacturing plant at IJmuiden in the Netherlands.
- •A transformation program is underway at the IJmuiden facility to improve production efficiencies, reduce fixed costs, and introduce low-carbon steelmaking processes.
Key Questions Answered
Domestic steel demand is projected to experience a growth of 8 to 10 percent during the second half of the ongoing fiscal year due to strong consuming sectors.
Tata Steel is actively engaged with the Dutch government to resolve issues concerning coke oven closures and the proper classification and handling of steel slag before signing a binding agreement.
Tata Steel's manufacturing facility located in IJmuiden, the Netherlands, maintains an annual installed capacity of approximately 7 million tonnes.
