India’s Tata Steel reported a 24 per cent growth in saleable steel production at 3.1 million tonnes (MT) for the fourth quarter of FY 2016-17.
The company said in a filing to the stock exchange that it had produced 2.5 MT of saleable steel in the same quarter of the preceding fiscal.
The company’s crude steel production during the January-March quarter of 2016-17 also grew to 3.2 MT from 2.5 MT in the year-ago period, it said.
Tata Steel’s sales too grew to 3.1 MT, as against 2.7 MT a year ago.
The company’s hot metal production was up at 3.5 MT, as compared to 2.7 MT in the same quarter of the 2015-16 fiscal.
According to the filing, the company’s “blast furnaces at its Jamshedpur plant achieved best-ever hot metal fiscal 2016-17 production of 10.83 million tonnes (previous best was 10.66 million tonnes in 2015-16).