Tata Steel CEO and MD T.V. Narendran has shared a cautiously optimistic outlook for Q1 FY27, supported by improving steel prices across India, the UK and the Netherlands. The company expects better price realisations, with India likely to see around ₹6,000 per tonne improvement over Q4 levels.

However, rising input costs remain a key concern due to the West Asia crisis, higher freight, insurance, fuel and raw material expenses. Despite these pressures, Tata Steel has managed to pass on most cost increases to the market so far.

India remains the company’s main growth driver, with Kalinganagar ramp-up expected to support nearly two million tonnes of additional volume in FY27. Tata Steel has also planned about ₹20,000 crore capex, with a major share focused on India’s steel expansion.