Mumbai, Aug. 1 -- Tata Steel's plans to turn around its loss-making UK operations have been delayed by at least six months due to global trade disruptions and the spillover effects of US tariffs, the company's top executives said in an interview.
Despite the setback, the executives expressed confidence about the company's broader international strategy, including securing Dutch government support to decarbonize its Netherlands operations, and defended its capacity expansion plans in India amid global concerns of steel overcapacity.
India's second-biggest steelmaker by capacity had earlier guided for an Ebitda (earnings before interest, tax, depreciation and amortization) breakeven in the UK by the end of the second quarter of FY26. The ...
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