29. Consolidated subsidiaries

The subsidiary undertakings of TSN on 31 March 2026 are set out below. Country names are countries of incorporation. Undertakings operate principally in their country of incorporation except where otherwise stated.

Unless indicated otherwise, subsidiary undertakings owned by TSN, and TSN holding comprises ordinary shares and 100% of the voting rights.

Subsidiary undertakings

Steel producing, further processing or related activities:

Belgium

Société Européenne de Galvanisation (Segal) SA
Tata Steel Belgium Packaging Steels N.V.
Tata Steel Belgium Services NV

Czech Republic

Tata Steel International (Czech Republic) S.R.O.

France

Corbeil Les Rives SCI (67.3%)
Tata Steel France Holdings SAS
Tata Steel International (France) SAS
Tata Steel Maubeuge SAS
Unitol SAS

Finland

Naantali Steel Service Centre OY

Germany

Degels GmbH
Fischer Profil GmbH
FP Produktions-Und Vertiebs GmbH
Hille & Muller GmbH
S A B Profil GmbH
Service Center Gelsenkirchen GmbH
Tata Steel Germany GmbH
Tata Steel International (Germany) GmbH

Italy

Tata Steel International (Italia) SRL

The Netherlands

C.V. Bénine
Grijze Poort B.V.
S.A.B. Profiel B.V.
Service Centre Maastricht B.V.
Tata Steel IJmuiden B.V.
LAG Velsen B.V.
Tata Steel Nederland Consulting & Technical Services B.V.
Tata Steel Nederland Services B.V.
Tata Steel Nederland Technology B.V.
Tata Steel Nederland Tubes B.V.

Norway

Norsk Stal Tynnplater AS

Poland

Tata Steel International (Poland) Sp.Zo.o

Republic of Ireland

Corus Ireland Ltd

Spain

Layde Steel SL
Tata Steel International Iberica SA

Sweden

Halmstad Steel Service Centre AB
Tata Steel International (Sweden) AB

Switzerland

Montana Bausysteme AG

Turkey

Tata Steel Istanbul Metal Sanayi ve Ticaret AS

USA

Apollo Metals Ltd
Hille & Muller USA Inc.
Hoogovens USA Inc.
Rafferty-Brown Steel Co. Inc.
Tata Steel USA Inc.
Apollo Metals Ltd
Thomas Processing Company
Thomas Steel Strip Corp.

Article 2:403 exemption

Certain Dutch subsidiaries of Tata Steel Nederland B.V. have made use of the exemption from statutory publication requirements pursuant to Article 2:403 of the Dutch Civil Code (Burgerlijk Wetboek 2). In connection with this exemption, Tata Steel Nederland B.V. has issued declarations of joint and several liability for the obligations arising from legal acts of these subsidiaries. As a result, these subsidiaries are exempt from preparing, auditing and publishing separate statutory annual accounts. Their financial information is included in the consolidated financial statements of Tata Steel Nederland B.V.