Tata Steel Nederland has generated more revenue and profit in the past quarter than a year ago. The Indian parent company Tata Steel is doing well overall, although it sees increasing uncertainty due to the heavy steel tariffs imposed by the United States.
According to the new Tata Steel figures, revenue amounted to over 1.5 billion euros, compared to over 1.3 billion euros in the same quarter last year. Profit before interest and taxes is 64 million euros. That was 50 million euros last year and 14 million euros a quarter ago.
Steel production in IJmuiden amounted to 1.7 million tons, and deliveries amounted to 1.5 million tons.
Tata Steel derives most of its income from the extensive Indian steel production. The company reports “robust profitability” despite “volatile macroeconomic conditions and increased uncertainty.”
By this, Tata Steel refers, among other things, to the high tariffs on steel and aluminum by US President Donald Trump. The levy is 50 percent, even with the new trade deal that the EU has concluded.
Tata Steel Nederland is sensitive to this because the US accounts for approximately 12 percent of the steel produced, or between 800,000 and 900,000 tons. Tata Steel supplies advanced steel types in the US, but also steel for batteries of electric cars and high-quality packaging steel.