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Tata Steel Announces Performance for Q2 of 2020-21

Steel News - Published on Fri, 16 Oct 2020

Image Source: Tata Steel
In India, in 2QFY21, overall apparent steel consumption was down by 7.5%YoY while crude steel production was down by 1.9%YoY. In this environment, Tata Steel India ramped up its steelmaking and downstream operations back to pre-Covid level, with all major sites operating at around full capacity utilization. During the quarter, we increased our crude steel production by 54%QoQ and 2%YoY to 4.59 million tonne. Tata Steel leveraged our robust marketing network and strong customer relationships to reach our highest ever quarterly deliveries of 5.05mn tons which translates to 72%QoQ and 22%YoY growth. We reduced exports to 24% of overall deliveries and sharply ramped up domestic deliveries to 3.86 million tonne which translates to an increase of 164%QoQ and 10%YoY. The growth in domestic deliveries was broad based with YoY growth across all key business verticals:

Automotive & Special Products segment deliveries grew 10%YoY with pick-up in sector demand especially in 2W and PV segment; also gained Share of Business in the new PV and LCV launches.

Branded Products & Retail’ segment deliveries grew by 5%YoY with deliveries to B2ECA sector growing by 9%YoY; Tata Shaktee achieved a delivery volume growth of 22%YoY with robust rural demand.

Industrial Products & Projects segment deliveries grew by 13%YoY. Achieved a 31%YoY growth in value added product deliveries within the segment as we continued to focus on product mix enrichment by catering to discerning customers in segments such as Oil & Gas, Lifting and Excavation and Precision Tubes.

In Europe, macroeconomic and steel demand recovery is more gradual. Tata Steel Europe’s 2QFY21 sales volume increased by 14%QoQ to 2.26mn tons; Steel production was stable on QoQ basis.

Tata Steel India24.592.9954%4.502%7.589.00-16%
Tata Steel Europe2.152.150%2.45-12%4.305.10-16%
Tata Steel South East Asia0.520.3933%0.57-9%0.911.14-20%

India - Crude Steel Production; Europe - Liquid Steel Production; South-East Asia - Saleable Steel Production
Figures for Tata Steel India include Tata Steel Standalone, Tata Steel BSL and Tata Steel Long Products (from April 09, 2019) without eliminating inter-company transactions.

Tata Steel India25.052.9372%4.1322%7.988.10-1%
Tata Steel Europe2.261.9814%2.29-1%4.244.55-7%
Tata Steel South East Asia0.550.4231%0.60-8%0.981.22-20%

Source :

Posted By : Yogender Pancholi on Fri, 16 Oct 2020
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