New Delhi: Steel Major Tata Steel has posted a leap more than 43 percent in its consolidated raw steel output at 7.94 million tons (MT) during the quarter ended June 30, 2021.
The company’s consolidated steel output in the second quarter was at 5.53 MT , said Tata Steel in a statement released on Sunday.
During the April-June 2021-22 fiscal period, the company’s consolidated sales also rose to 7.14 MT, from 5.33 MT in the same quarter a year ago, up 35 percent.
In India, the company produced 4,62 MT steel, 55 percent higher compared to 2.99 MT in the financial quarter of April-June 2020-21, which was affected due to a strict covid-19 pandemic and national locking.
The delivery of Indian Steel Tata increased by 42 percent to 4.15 MT from 2.93 MT a year ago.
In the quarter that was being reviewed, European steel steel production grew by 27 percent to 2.73 MT, compared with 2.15 MT in the second quarter.
While shipping increased by 19 percent to 2.36 mt from 1.98 mt a year ago.
Southeast Asian Steel production grew to 0.59 MT, up 49 percent from 0.39 mt in April-June a year ago.
Delivery in Southeast Asia also increased by 50 percent 0.63 mt from 0.42 a year ago.