Domestic steel demand to rise; in talks with the Netherlands government

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The Economic Times daily newspaper is available online now. Read Today's Paper Domestic steel demand to rise; in talks with the Netherlands government over steel production: Tata Steel CEOET OnlineLast Updated: Oct 06, 2026, 12:25:00 PM ISTSynopsis

Tata Steel CEO T V Narendran stated that domestic steel demand is expected to grow 8-10% in the coming months. He mentioned positive signs from all consuming sectors contributing to this anticipated growth. Additionally, Tata Steel is negotiating with the Dutch government regarding issues tied to steel production. These issues include the closure of coke ovens and classification of steel slag.

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Loading...×India’s domestic steel demand is expected to grow 8-10% in the second half of the ongoing fiscal year, Tata Steel CEO and MD T V Narendran said on Tuesday, adding that the firm is in talks with the Netherlands government to iron out a deal related to steel production.

Speaking on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in Delhi, he said, "Demand should be 8-10 per cent because all consuming sectors are quite strong. So we are quite positive about the prospect of the steel industry."

Read more: Tata Steel expanding NINL capacity to 5 MT per annum: CEO TV Narendran

The CEO, on the proposed Netherlands project, said Tata Steel is actively engaged with the country’s government to resolve issues before signing of a binding agreement.

"There are issues related to coke oven closure. There is an issue related to how to classify and handle steel slag so all these issues need to be addressed before we can come to any binding agreement," he said.

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Read more: SAIL H1 hot metal output 10.2 MT, up 2% on year

Tata Steel currently owns a steel manufacturing plant at Ijmuiden, in the Netherlands, with an annual installed capacity of around 7 million tonnes.

The company adopted a transformation programme to maximise efficiency in production, lower fixed costs and optimise product mix and margins at the facility, by installing low-carbon emitting steel processes.

(With inputs from PTI)
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