Overall sales of the company were 2 MnT of steel in Q2 FY14 in comparison to 1.7 MnT sales in Q2 FY13.
Tata Steel‘s production of saleable steel for Q2 FY14 has witnessed a growth of 18% by producing 2.2 MnT of the saleable material. Production of saleable steel in comparison to Q2 FY13 was up by 1.86 MnT.
However in H1 the production increased by 21% Y-o-Y basis to 4.35 MnT.Production of Hot metal in Q2 increased 19% at 2.46 MnT while in H1 it was up by 20% at 4.93 MnT.
Crude Steel’s production of the company was 2.29 MnT with a 19% growth over previous fiscal’s same period. At the same time growth of 21% was recorded in H1 FY14 with a production of 4.51 MnT.
Its sales in Q2 FY14 were 2 MnT against 1.7 MnT of the same period previous year. Deliveries of the product were up by 18% of 2.03 MnT in Q2 FY14 and stood at 4.04 MnT in H1 FY14 up by 22% Y-o-Y basis.
The company’s merchant mill achieved its best half yearly production of 0.19 MnT similar to previous year’s best performance. Also, its new bar mill achieved its best quarterly production of 0.22 MnT. The company’s best half yearly production of saleable steel in flat products stood at 2.81 MnT.
Meanwhile, the company produced 2 MnT pellets in H1 FY14 from one of its recently commissioned units (build under 3 MnT pa expansion plan).
Tata Steel is Asia’s first integrated private sector steel company. It is one of the top ten steel companies in the world with an annual crude steel capacity of over 29 MnT.