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Tata Steel announces Q4 FY18 key production and sales figure

Steel News - Published on Mon, 16 Apr 2018

Image Source: Couravel
Tata Steel has posted 4 per cent fall in production in India at 3.07 million tonnes for the quarter ended on March 31, 2018. It had produced 3.20 million tonnes steel in the year ago quarter. Sales in India also fell 6.23% to 3.01 million tonnes during the January to March quarter of 2017-18 from 3.21 million tonnes in the same period a year-ago. However, for the full 2017-18 financial year, the company registered a rise of 6.84% at 12.48 million tonnes as against 11.68 million tonnes during 2016-17. Domestic sales also improved to 12.13 million tonnes in 2017-18 from 10.97 million tonnes in FY 2016-17.

The statement said that "Tata Steel India production improved with better utilisation at Jamshedpur works coupled with continued ramp-up at Kalinganagar in FY18. During Q4 FY18, the production and sales were impacted by an unforeseen breakdown of the Blast Furnace at Kalinganagar.”

In Europe, the company's output was flat at 2.62 million tonnes in the last quarter of 2017-18. Sales during the period fell 14.91 per cent to 2.48 million tonnes from 2.85 million tonnes in the year-ago period. For the whole of 2017-18, the production in Europe was at 10.68 million tonnes , higher than 10.56 million tonnes in 2016-17. Sales remained flat at 9.93 million tonne. The company said that "Tata Steel Europe sales volumes were marginally higher on q-o-q (quarter-on-quarter) basis in Q4 FY18, however, production was marginally lower mainly due to unplanned outages.”

In South-East Asia also, the company saw its production falling to 0.57 million tonnes from 0.59 million tonnes in the January-March of 2016-17. Sales also fell to 0.62 million tonnes from 0.66 million tonnes. During 2017-18, the company produced 2.23 million tonnes, lower from 2.28 million tonnes in the preceding fiscal. The sales during the entire fiscal fell to 2.51 million tonnes from 2.61 million tonnes in FY 2016-17.

Production and Sales Performance
All Figures are in million tonnes
ItemsQ4 FY17Q3 FY18Q4 FY18Apr-Mar FY17Apr-Mar FY18
South East AsiaProduction0.590.560.572.282.23
South East AsiaSales0.660.620.622.612.51

Note: Production Numbers: India - Crude Steel Production, Europe production - Liquid Steel Production and South-East Asia - Saleable Steel Production

Source :

Posted By : Amom Remju on Mon, 16 Apr 2018
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