Archive · 4 Aug 2025
Tata Steel Seeks Duty Increase and Quality Control for Steel
Tata Steel, a big steel company, wants the government to increase taxes on imported steel to protect Indian businesses.
They're working hard to keep costs down and satisfy their customers despite challenges like global trade issues.
Tata Steel in the UK is trying to stop losing money by cutting costs.
The company is also exploring new markets.
They also believe in having quality checks on imported steel to ensure good standards and protect India's steel industry.
Tata Steel advocates doubling safeguard duty on steel imports for a longer period.
The company is focusing on cost transformation and meeting customer needs amid market complexities.
Tata Steel UK aims for EBIDTA neutrality in FY26, having reduced costs by 20% since last September.
The company is evaluating newer markets in Latin America and West Asia due to EU-US trade deal impact.
Tata Steel supports quality control orders for imported steel to ensure quality standards and protect national interests.
- Who
- Tata Steel, specifically Koushik Chatterjee (ED & CFO), discussed these issues.
- What
- Tata Steel discussed safeguard duties, quality control orders, and market strategies.
- When
- Discussions took place during the first quarter, with a focus on FY26.
- Where
- The focus is on the Indian and UK markets, as well as international trade.
- Why
- To address trade uncertainties, ensure quality standards, and protect the domestic steel industry.
Tata Steel's View
N/A
Safeguard Duty
Tata Steel's View
Supports doubling safeguard duty for a longer term to protect the national interest.
N/A
N/A
Quality Control Orders
Tata Steel's View
Advocates for quality control orders on imported steel to ensure standards.
N/A
N/A
- Safeguard Duty Proposal
- Doubling of existing duty for a longer term
- Tata Steel UK Goal
- Achieve EBIDTA neutral margins by FY26
- UK Cost Reduction
- 20% fixed cost reduction
- Net Debt to EBIDTA Ratio
- Stable at 3.2x