Tata Steel India achieves highest ever crude steel production in FY22

10 Apr 2022 , 01:35 AM

Tata Steel India achieved highest ever annual crude steel production of ~19 million tons with a growth of 13Percentage YoY despite the COVID 2nd wave related disruption early in the financial year During 4QFY22 crude steel production increased by 2Percentage QoQ and stood at 490 mn tons Tata Steel India deliveries increased by 6Percentage YoY in FY22 surpassing the previous best recorded in FY21 Domestic deliveries grew by 14Percentage YoY driven by improved demand and the companys robust marketing network In 4QFY22 Deliveries grew by 16Percentage QoQ to 512 million tons the highest ever quarterly deliveries Tata Steel Europe steel production in FY22 grew by 6PercentageYoY and total deliveries increased by 2Percentage YoY driven by broad based improvement in most steel consuming sectors During 4QFY22 production was down 9Percentage QoQ due to operational issues primarily in UK however deliveries were up 9Percentage QoQ