06
Apr
15:35
Tata Steel sees rise in annual production, deliveries
Tata Steel India’s crude steel production grew by 4.24% on-year to 19.87 million tonnes in the fiscal year ended 31 March 2023 (FY23), against 19.06mt produced a year earlier, Kallanish notes.
The firm says it achieved its highest annual crude steel production by debottlenecking across sites and ramping up newly-acquired Neelachal Ispat Nigam.
Output was also up by 5.1% on-year to 5.15mt in the March quarter.
The company’s deliveries rose 3% to 18.87…
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Very good overview of the weekly steel market.
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