Indian steelmaker Tata Steel has announced its provisional operational results for the first quarter ending June 30 of the financial year 2017-18.
Accordingly, in the first quarter, Tata Steel’s crude steel output amounted to 2.94 million mt, rising by 16.6 percent year on year. The company's liquid pig iron output in the given period was 3.41 million mt, up 13.3 percent compared to the corresponding quarter of the previous financial year.
In the April-June period, Tata Steel's finished steel output increased by 26 percent to 2.95 million mt, while its finished steel sales volume totaled 2.75 million mt, up by 28 percent, largely due to the ramp-up of its Kalinganagar steel plant in the eastern Indian state of Odisha, both compared to the same period of the previous financial year.