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Tata Steel reports marginal fall in steel production in Q3FY18

06 Jan 2018 Evaluate

Tata Steel has reported marginal fall of 1.22 percent in its saleable steel production to 3.24 million tonnes (MT) in Q3 (October-December) 2017-18 compared to 3.28 MT in the corresponding quarter of 2016-17. However, in the nine month period from April-December of FY 18, the company's Indian production was higher by 10.67 percent at 9.23 MT against 8.34 MT production in previous comparable period.

Besides, the company’s sales in India were at 3.30 MT in Q3FY18 against 2.99 MT in Q3FY17.

Tata Steel Group with an annual crude steel capacity of 27.5 million tonnes per annum as on March 31, 2017 has operations in 26 countries.


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