TATA Steel India Q3 sales up by 9pct
Post Date: 15 Jan 2014 Viewed: 288
TATA Steel reported a 9.4% increase in sales volumes to 2.06 million tonne from its Indian operations in the October to December quarter.
The company said in a statement that “The private sector steel major had reported sales of 1.88 million tonne in the corresponding quarter a year earlier.”
Production of saleable steel during the quarter rose 3.9% to 2.15 million tonne from 2.06 million tonne. TATA Steel said that "Flat product saleable steel production was best ever in Q3 at 1.48 million tonne."
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 tonne during the quarter. Crude steel output rose 3.7% to 2.16 million tonne.
TATA Steel had reported sales volumes of 2.03 million tonne and production of 2.2 million tonne of saleable steel during the Q2 of this financial year.
TATA Steel's sales in April to December period stood at 6.1 million tonne while production of saleable steel during this period was 6.5 million tonne.