India's Steel Prices Hit 5-Year Low in 2025 Amid Global Turmoil: T V Narendran

• Tata Steel CEO T V Narendran stated Indian steel prices reached a five-year low in 2025 despite strong domestic demand and supply.
• Global trade disruptions, protectionism, and China's economic slowdown leading to massive steel exports (over 100 MT) are key factors.
• Tata Steel's European operations faced pressure, but the company performed well financially overall, crediting employee efforts.
• Expansion plans include Kalinganagar (3 MT to 8 MT), Neelachal (1 MT to 4 MT), Meramandali (5.2 MT), and a new Ludhiana plant by March.
• Jamshedpur plant focuses on value-added products with investments in Combi Mill and Tinplate division, as volume expansion is limited.

Why It Matters: Indian steel prices plummeted to a five-year low in 2025 due to global factors, despite strong domestic growth.