InvestorQ : Is it true that Tata Steel has stopped sourcing raw materials from Russia?
Rashi Mehra made post

Is it true that Tata Steel has stopped sourcing raw materials from Russia?

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Archita Jajjoo answered.
1 month ago
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It looks like the pressure from the West is starting to show. In a significant move, Tata Steel will stop doing business with Russia. Several companies have decided to sever business links with Russia after Russia invaded Ukraine and especially after the massive human rights violations reported from Ukraine in the last few weeks, including civilian casualties.

Tata currently does not have any specific operations or employees located in Russia. However, its steel facilities located in the UK and the Netherlands do source raw materials for steel from Russia due to geographical considerations. With pressure mounting from European nations, Tata Steel will now start looking for alternate sources of inputs.

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