Tata Steel shares trade lower as muted Q1 update fails to impress investors; key details here

Tata Steel shares were trading lower during the early market hours on Thursday, July 9, after the steelmaker released its business and production updates for the April to June quarter of the financial year ended 2026-27, according to an exchange filing.

At 9:32 am, shares of Tata Steel were down 0.44% to ₹187.34 on Thursday’s market, compared to ₹188.20 at the previous stock market close, according to NSE data. The company released its business update after the market hours on July 8.

The data further showed that the company’s crude steel production rose by 11% YoY, while the deliveries in the domestic market advanced by 11%, in line with the production growth due to the enriched product mix and strong marketing franchise.

However, the company's global business update in countries like Netherlands, the UK, and Thailand failed to impress investors due to the fall in both production and delivery numbers.

NSE filings showed that Tata Steel attributed the growth in India business production and deliveries to the company’s higher output at Jamshedpur and Kalinganagar plants.

How were Tata Steel’s production volumes?

In India, Tata Steel’s production volumes advanced to 5.82 million tonnes in the first quarter of the financial year ended 2026-27, compared with 5.23 million tonnes in the same period of the previous fiscal year.

However, on a sequential basis, Tata Steel India’s production volumes declined from 6.22 million tonnes when compared to the fourth quarter of FY26.

In the case of the company’s Netherlands production volumes, the data showed that the numbers declined to 1.55 million tonnes in the first quarter, from 1.70 million tonnes in the same period last year.

Sequentially, Tata Steel Netherlands production volumes were down from 1.63 million tonnes in Q4.

Tata Steel Thailand production volumes remained flat at 0.33 million tonnes on a year-on-year (YoY) basis, with a marginal increase on a sequential basis when compared to the Q4 data.

Did Tata Steel delivery volumes fall?

Although Tata Steel India’s delivery volumes expanded marginally, the company’s delivery volumes in the Netherlands, the UK, and Thailand declined on a year-on-year basis in the first quarter of FY27.

NSE filings data showed that Tata Steel India’s delivery volumes rose to 5.17 million tonnes, from 4.75 million tonnes in the same period a year earlier. While Tata Steel Netherlands’ delivery volumes declined to 1.40 million tonnes, compared to 1.50 million tonnes in Q1.

The company said that Tata Steel Netherlands’ liquid steel production and delivery for the first quarter were impacted as the company shut down its Direct Sheet Plant in April 2026.

Reports suggest that the plant was shut down temporarily as the emission measurements showed “Chromium-6” levels exceeding the permissible limit at one of the plant chimneys.

“The local environment authority has permitted Tata Steel Netherlands to carry out trial runs, which are ongoing, ahead of restart of full operations,” the company said in its official statement.

In the period under review, Tata Steel UK’s delivery volumes dropped to 0.48 million tonnes, from 0.60 million tonnes in Q1. While Tata Steel Thailand’s delivery volumes declined to 0.33 million tonnes from 0.34 million tonnes in the same period.

“Tata Steel UK is serving its customers via downstream processing of purchased substrate,” said the company.

How have Tata Steel shares performed?

Tata Steel shares have delivered more than 51% returns to investors in the last five years, over 67% gains in the last three years, and 17% returns on their investment in the past one year period, according to NSE data.

Although on a year-to-date (YTD) basis in 2026, the company’s stock is up 3%, the shares have lost nearly 8% in one month and trades flat over the last five trading sessions on the stock exchange.

Shares of Tata Steel hit their 52-week high of ₹224.40 on May 15, 2026, while the 52-week low was at ₹152.51 on August 1, 2025. The company’s market capitalisation (m-cap) was at over ₹2.33 lakh crore as of the trading session on Thursday, July 9, 2026.