Tata Steel Long Products announces production and sales performance for Q2 FY21

Tata Steel Long Products announces production and sales performance for Q2 FY21

Oct 09, 2020 10:10 IST capital market

Tata Steel Long Products announced production and sales volume for Q2 FY21 and 1H FY21(provisional).

Production of direct reduced iron stood at 0.22 million tons in Q2 FY21 compared to 0.13 million tons in Q1 FY21 and 0.17 million tons in Q2 FY20. For 1H FY21, the production of direct reduced iron stood at 0.35 million tons compared to 0.34 million tons a year ago.

Production of crude steel stood at 0.17 million tons in Q2 FY21 compared to 0.12 million tons in Q1 FY21 and 0.15 million tons in Q2 FY20. For 1H FY21, the production of crude steel stood at 0.29 million tons compared to 0.27 million tons a year ago.

The company achieved highest ever quarterly crude steel production of 0.17 mn tons with 40%QoQ and 13%YoY growth. DRI production at 0.18 mn tons was also the highest ever with 70%QoQ and 30%YoY growth.

Sales of direct reduced iron stood at 0.19 million tons in Q2 FY21 compared to 0.10 million tons in Q1 FY21 and 0.14 million tons in Q2 FY20. For 1H FY21, the sales of direct reduced iron stood at 0.29 million tons compared to 0.28 million tons a year ago.

Sales of saleable steel stood at 0.18 million tons in Q2 FY21 compared to 0.12 million tons in Q1 FY21 and 0.12 million tons in Q2 FY20. For 1H FY21, the sales of saleable steel stood at 0.30 million tons compared to 0.21 million tons a year ago.

The company achieved highest ever quarterly steel deliveries of 0.18 mn tons which translates to a 54%QoQ and 53%YoY growth. DRI sales were the highest ever at 0.19 mn tons which translates to a 90%QoQ and 35%YoY growth.

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