Crude steel output of Tata Steel surges over 43%, sales by 35%

Tata Steel's consolidated crude steel output increased by over 43% in the quarter ended June 30, 2021, to 7.94 million tonnes (mt). Tata Steel said in a statement released on Sunday that the company's consolidated steel output in the previous quarter was 5.53 mt. The company's consolidated sales increased by 35% from 5.33 mt in the same quarter last year to 7.14 mt in the April-June fiscal period of 2021-22. In India, the company produced 4.62 mt of steel, up 55% from 2.99 mt in the April-June quarter of the fiscal year 2020-21, which was hampered by the Covid-19 pandemic and a nationwide lockdown. Tata Steel India increased its deliveries by 42% to 4.15 mt from 2.93 mt a year ago. Tata Steel Europe's steel production increased by 27% to 2.73 mt in the quarter under review, compared to 2.15 mt the year before. While deliveries increased by 19% to 2.36 mt from 1.98 mt the previous year. Tata Steel Southeast Asia's production increased by 49% to 0.59 mt in April-June of last year, compared to 0.39 mt in April-June of the previous year. In Southeast Asia, deliveries increased by 50% to 0.63 mt from 0.42 mt a year ago. Tata Steel Limited, headquartered in Mumbai, Maharashtra, India, is an Indian multinational steel-making company based in Jamshedpur, Jharkhand. The Tata Group owns the company. Tata Steel, formerly known as Tata Iron and Steel Company Limited (TISCO), is one of the world's largest steel producers, with an annual crude steel capacity of 34 million tonnes. With operations and commercial presence all over the world, it is one of the world's most geographically diverse steel producers. Image Source Also read: JSW Steel plans Rs 25k cr investment to increase capacity to 37 mt Also read: India’s fastest growing steel companies in 2020: CW Survey