Tata Steel has reported 35 per cent rise in sales to 4.98 lakh tonne in November, against 3.70 lakh tonne in the same month last year, mainly on the back of improved demand from the construction and white goods sectors.
In the month under consideration, there was 56 per cent increase in flat steel products sale and 13 per cent in long steel products sale. However, the company did not give out any details on the volume of these products.
Flat steel products are primarily consumed by automobile and white goods sectors while long steel is used by infrastructure firms. Saleable steel output rose 16 per cent to 5.25 lakh tonne from 4.51 lakh tonne a year ago. Its crude steel and hot metal production inched up by 2 per cent in November to 5.26 lakh tonne and 5.88 lakh tonne, against the year-ago month.
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