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Tata Steel reports around 3% fall in consolidated steel output at 7.57 MT for Q4FY22

06 Apr 2022 Evaluate

Tata Steel has reported year-on-year fall of about 3 per cent in its consolidated steel output at 7.57 million tonnes (MT) for the January-March quarter (Q4) of FY22, as compared to 7.80 MT of steel during the January-March quarter of FY21. Of the total, Tata Steel India has produced 4.90 MT of steel in the quarter and sold 5.12 MT. Tata Steel Europe's output was at 2.33 MT and sales at 2.36 MT. Tata Steel Thailand produced 0.34 MT steel and sold 0.34 MT during the quarter under review.

However, the company’s total sales rose by over 4 per cent to 7.82 MT in the fourth quarter, from 7.51 MT in the year-ago period.

Tata Steel, the flagship company of the Tata group, is the first integrated steel plant in Asia and is now the world’s second most geographically diversified steel producer and a Fortune 500 company.

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