Tata Steel's shares rose nearly 2% after positive operational trends were highlighted in their AGM.
The company reported a 5% year-on-year increase in consolidated deliveries and enhanced their domestic raw material position.
Investments in mining assets and expansion plans were confirmed, alongside cost reduction targets in Netherlands operations and positive Ebitda expectations in UK operations for 2026.
While steel margins remain under pressure due to high supply, Tata Steel expects coal prices to stay stable and spreads to remain constant.