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[Ferro-Alloys.com] Indian private-sector producer Tata Steel registered its highest production and sales in the April 2021-March 2022 financial year.
Tata Steel's crude steel production rose by 13pc on the year to 19.06mn t, while sales increased by 5.6pc on the year to 18.3mn t during 2021-22, according to provisional data from the company.
Its January-March output rose by 3.2pc on the year to 4.9mn t and sales jumped by 9.6pc from a year earlier to 5.12mn t on increased demand.
India's crude steel production rose to 120mn t during 2021-22, while finished steel exports moved up to 13.5mn t on robust international demand.
Tata Steel lifted deliveries for automotive and special products by 27pc on the year to 2.5mn t during 2021-22. Sales to the segment also rose during January-March on higher production at automotive original equipment manufacturers.
Branded product and retail segment sales increased by 11pc on the year to 5.2mn t and industrial product and project deliveries climbed by 12pc on the year to 6.3mn t in 2021-22, the company said.
Tata Steel acquired Odisha-based producer Stork Ferro and Mineral Industries last week with an aim of increasing its ferro-alloy capacity. (argusmedia.com)
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- [Editor:kangmingfei]
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