Tata Steel has released its provisional production and delivery volumes for Q2 FY25, showing stable performance across its India, Netherlands, and Thailand operations, alongside notable shifts in its UK business.
Key highlights of Tata Steel’s Q2 FY25 performance:
- Tata Steel India:
- Crude steel production for Q2 FY25 stood at 5.27 million tons, flat quarter-on-quarter (QoQ) and up 5% year-on-year (YoY).
- Delivery volumes reached 5.10 million tons, a 5% YoY increase, reflecting solid growth in domestic deliveries, which reached around 4.9 million tons.
- Tata Steel Netherlands:
- Liquid steel production was 1.68 million tons, showing stability on a QoQ basis and a significant YoY rise from 1.19 million tons in Q2 FY24.
- Deliveries stood at 1.57 million tons, which included 0.19 million tons delivered to the UK operations.
- Tata Steel UK:
- Liquid steel production dropped to 0.38 million tons, down from 0.68 million tons in Q1 FY25, reflecting the ceasing of operations at the remaining blast furnace at Port Talbot. Deliveries were 0.64 million tons, down from 0.73 million tons in Q2 FY24.
- Tata Steel Thailand:
- Production increased to 0.30 million tons, while deliveries were stable at 0.28 million tons.
Domestic business performance:
- The Automotive & Special Products vertical recorded marginally lower deliveries on a YoY basis, though H1 deliveries remained broadly stable YoY at around 1.6 million tons.
- The Branded Products & Retail vertical saw a 3% YoY rise in deliveries, driven by Tata Tiscon, which achieved its best-ever Q2 sales, contributing to a 4% YoY growth for H1, reaching 3.3 million tons.
- The Industrial Products & Projects vertical posted a 4% YoY rise in deliveries, especially driven by strong demand from the Engineering sector.
Expansion and strategic updates:
In September 2024, Tata Steel successfully commissioned India’s largest blast furnace at its Kalinganagar facility, further expanding the crude steel capacity of its India operations to 26.6 million tons per annum (MTPA).
Sustainability and future outlook:
As Tata Steel UK pivots towards green steelmaking, operations at its blast furnace in Port Talbot have ceased, paving the way for next-generation sustainable steel production.
