India-headquartered steelmaker Tata Steel has announced that in the second quarter ended September 30 of the financial year 2018-19 crude steel production at its Indian facilities increased by 2.2 percent year on year to 3.27 million mt, while its finished steel sales totaled 3.18 million mt, rising by 3.2 percent compared to the same quarter of the previous financial year.
In the first half of the current financial year, Tata Steel produced 6.44 million mt of crude steel, up by 4.7 percent year on year, while the company’s finished steel sales increased by 5.3 percent to 6.14 million mt compared to the corresponding period of the previous financial year.
Meanwhile, in the given period, Tata Steel’s crude steel production at its European facilities decreased by 5.4 percent to 2.46 million mt and finished steel sales totaled 2.25 million mt, down 13.5 percent, both on year-on-year basis. The company stated that steel deliveries of its European facilities in the second quarter were lower than the second quarter of the previous year due to lower production and the shutdowns for the ongoing upgradation program, annual maintenances and two planned outages affected production negatively.
In addition, in the June-September period, Tata Steel’s finished steel output at its Southeast Asian facilities went down by 9.8 percent to 550,000 mt, while its finished steel sales decreased by three percent to 650,000 mt, both compared to the same quarter of the previous year.