Tata Steel's output grows 7% in July-September period

Tata Steel on Wednesday reported a 7 per cent rise in consolidated steel output to 7.78 million tonnes (MT) for the July-September period this year.

The company's consolidated steel production was 7.25 MT in the same period last year, Tata Steel said in a statement.

Tata Steel's consolidated sales during the quarter under review fell around 6 per cent to 7.4 MT, from 7.87 MT in the same period of the preceding fiscal.

In India, Tata Steel India produced 4.73 MT of steel in the September quarter, compared to 4.59 MT in the year-ago quarter. The sales in India stood at 4.64 MT, against 5.05 MT a year ago.

Tata Steel Europe produced 2.56 MT of steel as against 2.15 MT a year ago, while sales in Europe fell to 2.16 MT from 2.27 MT earlier.

Production of Tata Steel South-East Asia during the said period was 0.49 MT, against 0.51 a year ago. Its sales stood at 0.60 MT compared to 0.55 MT in the year-ago period.

India headquartered Tata Steel Group is among the top global steel companies with an annual capacity of 34 MT.