Tata Steels sales down marginally in Q2

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consolidated sales were down marginally in the September at 7.96 million tonne against 8.02 mt logged in the same period last year, largely due to overseas operations.

However, sales in India were up 8 per cent at 5.97 mt (5.55 mt) while in Netherlands and UK it fell to 1.30 mt (1.54 mt) and 0.38 mt (0.57 mt). Tata Steel Thailand also registered a dip in sales at 0.31 mt (0.36 mt).

Crude steel production in India increased 10 per cent to 6.21 mt (5.64 mt), primarily driven by higher output at Jamshedpur and Kalinganagar facilities. Tata Steel Netherlands and UK reported a dip in output at 1.52 mt (1.67 mt) and 0.32 mt (0.36 mt).

Automotive & Special Products division achieved 19 per cent rise in sales at 1.1 mt driven by the ramp-up of Continuous Annealing and Galvanising lines at Kalinganagar and Combi mill at Jamshedpur.

Branded Products & Retail sales were at 2.2 mt, supported by strong performance of well-established brands and continued market penetration.

“Our downstream sales including Cold rolled, Galvanised, Tubes, Tinplate, Wires and Colors continued to grow. Colors achieved 34 pc rise in q-on-q sales volume growth,” said the company.



The Direct Sheet Plant in Netherlands restarted in August and is operating at rated capacity under the agreed framework with local regulatory authorities, it added.

Tata Steel UK is serving its customers via downstream processing of purchased substrate. Deliveries were impacted by inventory buildup in the UK supply chain ahead of the implementation of new safeguard measures in July. Separately, the company has fully ramped up production at the Llanwern pickle line.

Tata Steel deliveries were marginally lower primarily due to heavy rains in September, said the company.

Source

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