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of <h1>Tata Steel Projects Stable India Realisations, Seeks Import Safeguards; Faces Lower UK, Netherlands Earnings Amid Cost Declines.</h1> Tata Steel anticipates stable realisations in India for the March quarter, with potential improvement depending on the Union budget or government safeguards. Coking coal costs in India are expected to decrease by USD 10 per tonne, offering some relief. The steel industry is seeking protection against cheap imports, with an investigation underway by the Directorate General of Trade Remedies. In Europe, Tata Steel expects lower realisations in the UK and Netherlands due to contract renewals. Despite cost declines in coking coal and iron ore, the company reported a 43.4% drop in net profit for the quarter ending December 31, 2024.
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