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Tata Steel Limited reported its provisional production and delivery volumes for Q2FY27

ICICIdirect Research 08 Oct 2026 DISCLAIMER

News: Tata Steel Limited reported its provisional production and delivery volumes for Q2FY27. Crude steel production rising 10% YoY (8% QoQ) to 6.21 million tons (taking H1FY27 production up 10% YoY to 11.97 MT), supported by higher output across its Jamshedpur and Kalinganagar facilities. Domestic deliveries expanded 7% YoY and 15% QoQ to 5.97 MT (H1FY27 deliveries up 8% YoY to 11.14 MT). Tata Steel Netherlands' Liquid steel production stood at 1.52 MT (down 9% YoY and 2% QoQ) and deliveries at 1.30 MT. Tata Steel UK saw 33% YoY decline in delivery volumes at 0.38 MT, primarily due to inventory build up in UK supply chain.

View: Tata Steel India achieved its highest-ever Q2 performance in automotive and special products. Deliveries were resilient despite slowness in demand due to seasonal rains. Netherlands saw decline as the suspended plant restarted in August 2026. With domeetic HRC and CRC prices elevated during Q2, we expect Tata Steel to report healthy result in Q2FY27. 

Impact: Positive

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