Tata Steel’s CFO Koushik Chatterjee confirmed that European steel prices will remain structurally elevated in the medium term, supported by CBAM tariffs and import quotas that protect local producers from low-cost global competition. The group’s Netherlands division is on track to become debt-free and cash-flow positive as market stability returns, supported by stronger margins and reduced import pressure. Meanwhile, the company’s UK operations continue to face cost and energy challenges, but long-term green steel investments are expected to improve competitiveness. Tata Steel remains committed to electric arc furnace (EAF) conversion and low-carbon production to align with EU climate targets.