Tata Steel increased steel production in India by 2%

Tata Steel increased its steel production in India in the second financial quarter (July-September) by 2% compared to the same period in 2019, to 4.59 million tons, the company said. Compared to the previous quarter, the increase was 54%.

Sales in India in the last financial quarter increased by 22% year-on-year to 5.05 million tonnes, while the quarterly increase was 72%. At the same time, steel consumption in India for the reporting period decreased by 7.5% compared to the same period in 2019.

Production of Tata Steel in Europe in July-September decreased by 12% compared to the same period last year , to 2.15 million tons, compared with the previous quarter, the figure was unchanged.

Sales in Europe decreased in the last quarter by 1.3% yoy, to 2.26 million tons. At the same time, the quarterly growth was 14%.

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