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Tata Steel Nov sales soar 35%

Last Updated: Monday, December 7, 2009 - 19:00

New Delhi: Tata Steel on Monday said it witnessed
a smart 35 per cent rise in sales to 4.98 lakh tonne in
November, against 3.70 lakh tonne in the same month last year,
mainly on the back of improved demand from the construction
and whitegoods sectors.

The steel major said in the reporting month there was 56
per cent increase in flat steel products sale and 13 per cent
in long steel products sale. However, the company did not give
out any details on the volume of these products.
Flat steel products are primarily consumed by automobile
and whitegoods sectors while long steel is used mainly by
infrastructure firms.

During the month, the company saw its saleable steel
output rise 16 per cent to 5.25 lakh tonne from 4.51 lakh
tonne a year ago.
Its crude steel and hot metal production inched up by 2
per cent in November to 5.26 lakh tonne and 5.88 lakh tonne,
respectively against the year-ago month, making it the "best
ever" November output for both the segments.

The firm said it "completed November 09 with an increase
in its hot metal, crude steel and saleable steel production
over the corresponding month last year."

PTI



First Published: Monday, December 7, 2009 - 19:00

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