Tata Steel has 2.72M shares traded in block

Tata Steel has 2.72M shares traded in block

Tata Steel's stock has been experiencing notable volatility following its latest Q1 business update. The share price of Tata Steel dropped by approximately 2% on July 9, 2025, with 2.81 million shares changing hands in a block deal [3]. The stock traded at Rs 159.22, down from its opening price of Rs 161.95, marking a significant decline in market value.

The Q1 business update revealed that Tata Steel's crude steel production in the first quarter of FY26 was 5.26 million tons, while deliveries stood at 4.75 million tons. Maintenance-related shutdowns at Jamshedpur and Neelachal Ispat Nigam Limited (NINL) contributed to the decline in finished goods production and deliveries [3].

Despite the recent drop in stock price, Tata Steel's shares have shown resilience in the market. Over the last month, the stock has delivered a return of 5.46%, and over the past three months, it has seen a substantial return of 20.25% [2]. Additionally, the stock's volume metrics indicate a strong trading activity, with an average volume of 19.39 million shares over the past week [2].

Tata Steel's stock performance is closely tied to its broader transformation towards low-carbon steelmaking. The company is constructing a 3 million-tonne electric arc furnace (EAF) at its Port Talbot site in South Wales, which is expected to reduce carbon emissions by approximately 90% [1]. The project, backed by a £500 million investment from the UK government, is part of a £1.25 billion transformation plan and is scheduled to be commissioned by the end of 2027 [1].

The construction of the EAF is expected to secure 5,000 jobs across Tata Steel UK, while the closure of heavy-end assets is expected to impact 2,500 positions [1]. The union has described the development as a "bittersweet" day, acknowledging the need for the electric arc furnace project to be a success and a turning point [1].

References:

[1] https://www.business-standard.com/companies/news/port-talbot-moves-closer-to-greener-steel-with-groundbreaking-on-eaf-125071400508_1.html
[2] https://m.economictimes.com/markets/stocks/stock-liveblog/tata-steel-share-price-today-live-updates-15-jul-2025/liveblog/122478582.cms
[3] https://www.etnownews.com/markets/tata-steel-share-price-drops-2-after-q1-business-update-2-81-mn-equity-change-hands-in-block-article-152249502