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Tata Steel BSL Reports 41% Dip in Steel Production in Apr-Jun Quarter

Steel News - Published on Fri, 10 Jul 2020

Image Source: Tata Steel BSL
Tata Steel BSL said that production and Sales were impacted in 1QFY21 as the outbreak of COVID-19 and ensuing mobility restrictions severally impacted industrial activity and consumer sentiment. This affected Crude Steel Production and sales during the quarter. Tata Steel BSL started ramping up its steel making operation at Angul in the 2nd half of June 2020. Downstream facilities are also being ramped up progressively on the back of improvement in market demand and higher capacity utilization. While April and May 2020 sales were lower, the company achieved the level of pre-COVID sales volumes in June 2020 with the phased opening of economic activity in India supported by ramp up of production, launch of branded products and higher exports sales.

ItemsQ1'FY21Q4'FY20QoQQ1'FY20YoY
Crude Steel Production6591121-41%1122-41%
Sales694980-29%863-20%
 

In ‘000 tonnes

Source :

Posted By : Yogender Pancholi on Fri, 10 Jul 2020
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