Tata Steel July sales up 18%
Tata Steel on Thursday said it witnessed a 18 percent rise in its sales to 4.78 lakh tonnes in July on the back of robust demand from the auto and construction sectors.
New Delhi: Tata Steel on Thursday said it witnessed
a 18 percent rise in its sales to 4.78 lakh tonnes in July on
the back of robust demand from the auto and construction
In the corresponding period last year, the steel major`s
sales stood at 4.05 lakh tonnes, the company said in a
The company added that in the reporting month there was a
48 percent increase in the sales of long steel products,
primarily consumed by construction firms, over the same period
a year ago.
During the month under review, the company saw its crude
steel output rising by 27 percent to 5.53 lakh tonnes as
against 4.36 lakh tonnes in the same period last year.
Its saleable steel production increased by 24 percent to
5.39 lakh tonnes last month as against 4.35 tonnes in July
The company`s hot metal production too went up to 5.97
lakh tonnes as compared to 4.82 lakh tonnes produced a year
ago, a growth rate of 24 percent. Tata Steel added that it
was the best hot metal production ever recorded.
The firm said that "it completed July by showing a
significant increase in its hot metal, crude steel and
saleable steel production" over the year-ago period," it said.
Besides hot metal, the firm said its steel melting shops
and hot-strip mill too recorded best-ever production.