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10 Apr
17:24

Tata Steel reports record India sales, Europe flat

Tata Steel India reported a 56% on-year surge in sales in the fourth fiscal quarter through March 2019 (FQ4) to 4.73 million tonnes, a record for the quarter. Crude steel output was a FQ4 record of 4.47mt, driven by increased capacity utilisation, including at Tata Steel BSL. Tata Steel BSL increased sales 23% to 1.15mt, Tata Steel says in a note seen by Kallanish. Tata Steel Southeast Asia sales were down -5% in FQ4 to 590,000t, with output down -11% to 500,…
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