Indian steelmaker Tata Steel has announced its sales results for the first quarter ending June 30 of the Indian financial year 2012-13. The total domestic sales of Tata Steel for the first quarter amounted to 1.59 million mt, remaining stable compared to the same quarter of the previous financial year.
Sales in the first quarter decreased by 11.1 percent compared to the previous quarter, due to power outages which impacted downstream production.
Tata Steel's crude steel output for the given quarter increased by 1.6 percent year on year to 1.82 million mt, while remaining stable compared to the previous quarter. The company's liquid pig iron output in the quarter in question amounted to 2.05 million mt, up 5.6 percent year on year, marking the best performance registered in a quarter.