Tata Steel reports a 2% growth in output to 7.68 MT in Q3

Tata Steel Limited, with revenues of US$ 22.67 billion in FY 2019, is a leading global steel company with an annual steel production capacity of 33 MnTPA.

Tata Steel Ltd divulged an over two per cent rise in consolidated steel output to 7.68 million tonnes (MT) for the October-December 2021 period, the company reported on Friday. The stocks of tata steel industries were, however down by 1,158.15 INR−5.10 (0.44%)today.

In India, Tata Steel produced 4.80 MT of steel in the December 2021 quarter, compared to 4.60 MT a year ago. The sales in India were at 4.41 MT, against 4.65 MT a year ago. Tata Steel Europe produced 2.56 MT of steel as against 2.59 MT a year ago, while sales in Europe rose to 2.15 MT from 2.11 MT earlier.

The company’s aggregate steel production was at 7.51 MT in the corresponding period of the previous financial year 2020-21, the steel giant said in a statement. However, its aggregate sales during October-December 2021 fell by around 3 per cent to 6.88 MT, against 7.09 MT in the year-ago period. In India, Tata Steel produced 4.80 MT of steel in the December 2021 quarter, compared to 4.60 MT a year ago.

Tata Steel Limited, with revenues of US$ 22.67 billion in FY 2019, is a leading global steel company with an annual steel production capacity of 33 MnTPA. Tata Steel Limited is an Indian multinational steel-making company based in Jamshedpur, Jharkhand, and is headquartered in Mumbai, Maharashtra, India. It is a subsidiary of the Tata Group.

 

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