Tata Steel BSL crude steel production up 7% in Q1

Tata Steel BSL crude steel production up 7% in Q1

Jul 15, 2019 05:07 IST capital market

Tata Steel BSL announced that crude steel production in Q1FY20 stood at 1.12 million tons (provisional) compared to 1.05 million tons in Q1FY19. Saleable Steel sales stood at 0.86 million tons (provisional) in Q1FY20 compared to 0.85 million tons in Q1FY19.

Key Highlights:
▪ Tata Steel BSL continues to improve capacity utilization as per its ramp up plans for the year. 1QFY20 production was higher by 7% on YoY basis; driven by higher mill availability.
▪ Sales in 1QFY20 remained broadly in-line with 1QFY19 amidst sluggish demand in domestic and international steel markets.

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