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Bloomberg Quint

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Tata Steel Q1 Update: Domestic Production Flat, Delivery Volumes Fall

  • Tata Steel's domestic crude steel production remained largely flat year-on-year at 5.26 million tonnes in the first quarter, with sales decreasing by 3.8% to 4.75 million tonnes compared to the same period last year.
  • The decline in finished goods production was attributed to maintenance-related shutdowns in Jamshedpur and Neelachal Ispat Nigam Ltd.
  • In the engineering segment, there was a 5% year-on-year growth due to increased volumes in the oil and gas and railways sectors.
  • Global operations revealed that Tata Steel's Netherlands liquid steel production remained stable at 1.7 million tonnes, while Tata Steel UK saw deliveries of 0.6 million tonnes for the quarter.

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