Tata Steel India Q1 sales up 26% to 2.1 MT

The steel maker sold 2.279 MT during the January- March, 2013 period

Tata Steel India today reported over 26% jump in sales at 2.005 million tonnes (MT) in the first quarter of this fiscal ended June 30.

The steel maker had sold 1.585 MT during the April-June quarter of previous fiscal and 2.279 MT during the January- March, 2013 period, it said in a statement.

Production of saleable steel of the company also rose by 23% to touch at 2.145 MT during the April-June period of the current fiscal from 1.740 MT a year ago. Tata Steel had produced 2.263 MT saleable steel during January-March 2013 quarter.

Total hot metal production of the company was higher by 20% to 2.464 MT during the reporting quarter compared to 2.053 MT a year earlier. This is the best-ever hot metal production for Tata Steel in its lone Jamshedpur facility in India.

Crude steel production was also accordingly up by 22% to 2.223 MT during the April-June quarter of the current fiscal compared to 1.817 MT a year earlier. Tata Steel had produced 2.298 MT crude steel during the January-March quarter of 2012-13 fiscal, the company said.