Tata Steel shares slip 3% after UK plant reports fire incident; here’s what company said

Tata Steel shares slipped 3% to touch an intraday low of ₹203.90 apiece on Friday, June 5, a day after the firm’s UK plant faced a fire incident.

The company, in a statement on June 5, said that a fire broke out at Tata Steel's UK plant, which is undergoing transition to a low-carbon steel-making process.

“All personnel were accounted for and evacuated from the area safely,” Tata Steel UK said.

The company said that Mid and West Wales Fire Service attended the Port Talbot site last night at around 8 pm (UK time) to deal with a fire at one of the site's processing lines.

The emergency services were working with local teams to completely extinguish the fire, Tata Steel UK said, adding that further updates will be shared as information becomes available.

Tata Steel has also clarified that the incident was unrelated to the demolition of an empty and redundant gas holder at the Port Talbot site earlier.

In October 2024, Tata Steel ceased ironmaking at its Port Talbot site and temporarily paused steel manufacturing, pending the construction of a 3.2 MTPA electric arc furnace.

Tata Steel share price

At 2:23 PM, Tata Steel shares were trading at ₹205.78 apiece on the National Stock Exchange, falling 2.27%.

Shares of the company have fallen 3% over a month, while they have soared 23% in the past six months. From the beginning of the year, Tata Steel shares have increased over 13%.

The company has a market capitalisation of ₹2.57 lakh crore.

Shares of the company had touched their one-year high of ₹224.40 apiece on May 15, 2026, while their 52-week low of ₹149.80 was hit on June 13, 2025.

Tata Steel Q4 earnings

Tata Steel had posted a 125% year-on-year (YoY) increase in its consolidated net profit at ₹2,926 crore in the quarter ended March 31, 2026 (Q4 FY26). In the corresponding period last year, the firm had clocked a profit of ₹1,301 crore.

The country's second-largest steelmaker's total revenue from operations stood at ₹63,270 crore, growing 12.5% YoY in Q4 FY26, compared to ₹56,218 crore in the fourth quarter of the 2025-26 fiscal year (Q4 FY25).

On the operational level, Tata Steel’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹9,828 crore in contrast to ₹6,559 crore in the same quarter of the previous fiscal year, marking a jump of 50%. The EBITDA margin expanded to 15.53% in Q4 FY26 as against 11.67% year over year.

The Netherlands business reported revenues of €1,605 million and EBITDA of €58 million for the quarter under review, with liquid steel production at 1.63 million tonnes and deliveries at 1.70 million tonnes.

Furthermore, the UK business posted revenues of £470 million and an EBITDA loss of £48 million, while deliveries stood at 0.52 million tonnes and were impacted by subdued demand conditions.