Overview

• Tata Steel India reported Q2 FY26 crude steel production of 5.67 million tonnes, up 7% year on year and 8% sequentially, with domestic deliveries rising 9% to 5.56 million tonnes.
• Management cited post-relining normalization at Jamshedpur and commissioning progress at Kalinganagar, including a new continuous galvanising line, with CRM and finishing lines slated for Q2 FY26 commissioning.
• Regional divergence persisted as Tata Steel Netherlands produced about 1.67 million tonnes with muted year-on-year change, while UK deliveries fell 11% to 0.56 million tonnes.
• E-commerce gross merchandise value reached Rs 1,980 crore, more than tripling year on year through platforms such as Tata Steel Aashiyana and DigECA.
• Shares gained roughly 3% to a record high as brokerages updated views and targets, and management reiterated a plan to reach 40 million tonnes per annum over five years.