Domestic steel demand to rise; in talks with the Netherlands government over steel production: Tata Steel CEO

India’s domestic steel demand is expected to grow 8-10% in the second half of the ongoing fiscal year, Tata Steel CEO and MD T V Narendran said on Tuesday, adding that the firm is in talks with the Netherlands government to iron out a deal related to steel production.

Speaking on the sidelines of the Indian Foundation for Quality Management (IFQM) Symposium 2026 in Delhi, he said, "Demand should be 8-10 per cent because all consuming sectors are quite strong. So we are quite positive about the prospect of the steel industry."

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The CEO, on the proposed Netherlands project, said Tata Steel is actively engaged with the country’s government to resolve issues before signing of a binding agreement.

"There are issues related to coke oven closure. There is an issue related to how to classify and handle steel slag so all these issues need to be addressed before we can come to any binding agreement," he said.

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Tata Steel currently owns a steel manufacturing plant at Ijmuiden, in the Netherlands, with an annual installed capacity of around 7 million tonnes.

The company adopted a transformation programme to maximise efficiency in production, lower fixed costs and optimise product mix and margins at the facility, by installing low-carbon emitting steel processes.

(With inputs from PTI)