The UK government, which controls some parts of the UK steel industry itself, is losing money; it is well aware of the urgency. The economics of the European steel industry are getting structurally reset with the introduction of CBAM and the proposed EU Steel Tariff Plan 2.0. Tata Steel has been in value-added portfolio, be it in packaging, steel, tubes, wires, cold rolled products, coated products and steel service centres. Is Tata Steel planning to build an electric-grade steel plant in Jamshedpur? So, the rest of the global steel industry has to calibrate its competitive levers.

Source: The Telegraph February 16, 2026 20:43 UTC