Tata Steel India Q3 sales up 9.4% to 2.1 million tonnes

Tata Steel today reported a 9.4% increase in sales volumes to 2.06 million tonnes from its Indian operations in the October-December quarter.

The private sector steel major had reported sales of 1.88 million tonnes in the corresponding quarter a year earlier, the company said in a statement.

Production of saleable steel during the quarter rose 3.9% to 2.15 million tonnes from 2.06 million tonnes.

"Flat product saleable steel production was best ever in Q3 at 1.48 million tonnes (previous best 1.46 million tonnes in Q4 FY'13)," Tata Steel said.

Flat products such as hot-rolled coil and cold-rolled coil are used in automotive, heavy machinery, pipes and tubes, packaging and appliances sectors.

The company's hot metal production increased 1.6% to 2.31 million tonnes during the quarter. Crude steel output rose 3.7% to 2.16 million tonnes.

Tata Steel had reported sales volumes of 2.03 million tonnes and production of 2.2 million tonnes of saleable steel during the second quarter of this financial year.

Tata Steel's sales in April-December period stood at 6.1 million tonnes while production of saleable steel during this period was 6.5 million tonnes.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It’s another challenging year for a govt that’s missed 20 of 24 targets

    The government has set an ambitious target for money to be raised through sale of public sector company shares.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Corruption law calls for correction

In any country, it is its laws against corruption that ...

Kuruvilla Pandikattu SJ

Believers of the world set to rise

The world is set to become more religious as the ...

Gautam Gupta

The changing face of the fashion world

Indian fashion industry, like every fashion industry in the world, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture