New Delhi, April 9 -- Tata Steel expects its UK business to take another 12 months to break even, as rising costs driven by the West Asia war may offset gains from recovering steel prices and policy support aimed at reviving its loss-making operations in the UK, chief executive TV Narendran told Mint.

This is the second time India's second-largest steelmaker has revised its Ebitda breakeven guidance. It had originally targeted September 2025 and later deferred it to March 2026.

"We had previously said that if steel prices go up by about 100 pounds, it will break even. It is already up by about 100 pounds now. But costs have also gone up. So I don't want to say the price point at which we will break even. But we will break even this fisc...