After years of losses, Tata Steel makes a profit again in IJmuiden

After a few years at a loss, the Tata Steel factory in IJmuiden achieved a profit of 90 million euros in the twelve months up to and including March 2025. This is apparent from The annual figures Die Tata Steel, the Indian parent company of the Staalfabriek, published on Monday afternoon.

The positive result is striking. In mid -April, Tata Steel announced that it wanted to delete more than 1,600 of the 9,000 jobs. According to the company, the financial performance was very bad. Financial director Hans Turkesteen said that in the nine months prior to 1 January « after deduction of financing costs and depreciation » there was a « considerable loss. »

The figure that Tata Steel has now shared concerns the profit for deduction of financing costs and depreciation. In a statement, the Dutch factory says that the results still show that « our performance must be structurally and drastically ». « Our profit margin came to 1.5 percent, » said Tata. Competitors would be 7 to 8 percent.

The factory in IJmuiden achieved a turnover of around 6.2 billion euros in the twelve months. So 90 million euros remained under the line.

Changed situation

The fact that there is a profit again after years may be good news, the relatively low amount simultaneously shows that the situation at the steel company has changed. For years, the rule of thumb was that the company had a profit of around 300 million euros and that it was healthier than many European competitors. In recent years, however, the factory was often unable to live up to this, and losses were left of sometimes hundreds of millions of euros.

Sometimes the company was to blame for that: Tata Steel, for example, suffered last year with a dramatically running restoration of one of the two blast furnaces. At the same time there is wider trends. The European steel market, for example, suffers from strong competition from China.

In recent months, the factory tried to cut hard, including on business trips. So that seems to have had some results. At the same time, the top in India also emphasizes that it wants to continue to delete jobs. In the press release, CEO Thachhat Viswanath Narendran still explicitly mentions the announced « transformation plan ».

With that, the top is still heading for a conflict with the staff, it turned out on Monday morning. In a tent in Velsen-Noord, in front of the factory, several hundred employees gathered at the initiative of various trade unions (Tata Steel is around 50 percent at Tata Steel, which is high). A mood showed a tight majority of staff to give the management some time to meet the requirement of the staff not to implement a massive dismissal round.

At the same time, the tight mood showed that many employees are already making sentences on firmer steps, such as strikes. Trade union representative Cihan Lacin from FNV explicitly made it clear that this is an option if management and staff do not come closer together.

Social and financial tensions

The social and financial tensions at Tata Steel are just a few problems that the factory is currently suffering from. A state aid deal with the Dutch government to switch to a completely different, green way of steeling has not been coming around for months. (The factory in IJmuiden is responsible for 7 percent of the total Dutch CO₂-Moed). In the meantime, competitors abroad make agreements with their governments.

At the same time, the Environment Service-which supervises the permits of the factory-clearly manages a closure of Kooksgasfabriek-2 in recent months. According to the service, this business unit is very outdated and in very poor condition, which means that hazardous substances can be released. In the complex and long -term legal battle on this, Tata Steel suffered at the end of April A sensitive defeatwith which closure came a step closer.

As is the case almost every year, the Indian parent company of the factory as a whole recorded very good grades. The steel market in India has been doing exceptionally well for years, in contrast to that in Europe. Tata Steel recorded a turnover of 26 billion dollars, of which about $ 3 billion in profit remained.

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