Tata Steel Kalinganagar misses crude steel output target in FY18

Leading steel producer Tata Steel's Kalinganagar unit has missed the steel production target for 2017-18. The unit has produced 2.5 million tonnes (mt) crude steel as against an output target of 2.7 mt in the last fiscal.

The shortfall in steel output is despite the unit achieving hot metal production of 2.9 mt against the annual business plan target of 2.85 mt.

This shows the hot metal to steel conversion process of the plant is yet to settle down to optimal operation level to yield the desired result, said an analyst. That is expected of a new plant which faces