Tata Steel’s output grows by 7% in Jul-Sep, second quarter of FY 22

Tata Steel  reported a 7 per cent rise in consolidated steel output to 7.78 million tonnes (MT) for the July-September period this ongoing fiscal, FY 2021-22. The company’s consolidated steel production was 7.25 million tonnes in the same period last year, Tata Steel said in a statement.

Tata Steel’s consolidated sales during the quarter under review fell around 6 per cent to 7.4 million tonnes, from 7.87 million tonnes in the same period of the preceding fiscal.

In India, Tata Steel India produced 4.73 million tonnes of steel in the September quarter, compared to 4.59 million tonnes in the year-ago quarter. The sales in India stood at 4.64 million tonnes, against 5.05 million tonnes a year ago.

Tata Steel Europe produced 2.56 million tonnes of steel as against 2.15 million tonnes a year ago, while sales in Europe fell to 2.16 million tonnes from 2.27 million tonnes earlier.

Production of Tata Steel South-East Asia during the said period was 0.49 million tonnes, against 0.51 million tonnes a year ago. Its sales stood at 0.60 million tonnes compared to 0.55 million tonnes in the year-ago period. India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 million tonnes.

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