INSUBCONTINENT EXCLUSIVE:
Tata Steel's consolidated sales during October-December 2021 fell by around three per centThe country's leading steel manufacturer Tata
Steel on Friday reported an over two per cent rise in consolidated steel output to 7.68 million tonnes (MT) in the October-December quarter
The company's consolidated steel production had stood at 7.51 MT in the corresponding period of the previous financial year 2020-21, the
steel major said in a regulatory filing to the stock exchanges today.However, Tata Steel's consolidated sales during October-December 2021
fell by around three 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 third
quarter of current fiscal, compared to 4.60 MT in the year-ago period
The sales in India stood at 4.41 MT, compared to 4.65 MT a year ago.Tata Steel India crude steel production grew by 16 per cent year-on-year
and the total deliveries increased by four per cent annually on the back of continued economic recovery during the current fiscal.The
domestic deliveries were higher by 19 per cent even as exports moderated to around 14 per cent of the overall deliveries
During the third quarter, crude steel production was up 1.5 per cent quarter-on-quarter, the overall deliveries were lower by four per cent
quarter-on-quarter, as the increase in domestic deliveries was offset by lower exports.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 production of Tata Steel Southeast Asia during
the same period remained flat at 0.32 MT, compared to 0.32 MT a year ago
Its sales stood at 0.32 MT, compared to 0.33 MT in the year-ago period.The Tata Steel Group is among the top global steel companies with an
On Friday, January 7, shares of Tata Steel settled 0.28 per cent lower at Rs 1,160.20 apiece on the BSE.
