Tata Steel registers marginal increase in production volume to 4.46 MT in Q3FY20
10th Jan 2020

Tata Steel has registered a marginal 1.8 percent increase in production volume in India to 4.46 million tonnes (MT) (provisional) in the third quarter of the ongoing fiscal (Q3FY20). The company’s production volume was at 4.38 MT (actual) in the year-ago period. The company’s sales volume in Q3FY20 increased by 17 percent quarter-on-quarter (Q-o-Q) with improved market sentiment. Sales volume to auto segment was maintained during the quarter.

The branded product and retail segment grew 23 percent Q-o-Q, while industrial products and projects grew 12 percent Q-o-Q. Tata Steel Europe's 3QFY20 production and sales volume was flattish on Q-o-Q basis. Tata Steel South East Asia operations registered lower production volume Q-o-Q due to continued sluggishness in Singapore and Thailand markets.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.