Steel
Tata Steel anticipates better margins in the current fiscal year on the back of rising steel prices, domestic volume growth and continued cost savings. The company also projects a significant increase in Indian realisations, supported in part by renewed automotive contracts. Rising raw material costs and European operational challenges could however limit the gains.
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Tata Steel posted a consolidated net profit of Rs 2,965 crore for the March-ended quarter. This figure represents a 147 percent increase from Rs 1,201 crore a year earlier. Revenue rose 13 percent over the same period.
The Colombian government published a draft decree this morning raising tariffs to 35% on 13 steel sector tariff items. Daniel Rey, director of the Colombian Chamber of Steel Producers, announced it during the Alacero Summit 2025. The measure aims to counter Chinese imports and boost local competitiveness.