Tata Steel shares rose 5% following the company’s announcement of a significant transformation programme for its Netherlands operations at IJmuiden. This site, strategically located with access to a deep-sea port and offshore wind energy, is central to Tata Steel’s green steel ambitions in Europe.
The company has submitted a Request for Advice to the Central Works Council, initiating formal consultations on the reorganisation. This transformation aims to enhance efficiency, cut costs, and streamline operations amid challenging European market conditions marked by geopolitical tensions, supply chain issues, and rising energy costs.
In FY2025, steel production in the Netherlands rebounded to near full capacity at 6.75 MTPA after setbacks due to maintenance delays in FY2024. Tata Steel Nederland (TSN) is now implementing a multi-pronged strategy focused on boosting production efficiency, optimizing its product mix, and restructuring its organisation. The new structure will emphasize accountability, standardisation, and automation, although it is expected to result in the reduction of approximately 1,600 roles.
TSN is also advancing its green steel transition plan, aiming to replace one of its blast furnaces with a Direct Reduced Iron unit and an Electric Arc Furnace by 2030. This move will cut CO2 emissions by roughly 5 million tonnes annually and improve environmental quality for nearby communities.
Tata Steel shares opened at ₹134.67, touching a high of ₹134.70 and a low of ₹131.78 during the day. The stock remains significantly below its 52-week high of ₹184.60, yet above the 52-week low of ₹122.62.
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