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Tata Steel Long Products posts around 4% fall in DRI output in Q1FY23

06 Jul 2022 Evaluate

Tata Steel Long Products (TSLP) has posted around 4 per cent fall in its direct reduced iron (DRI) output to 2.34 lakh tonne (LT) during the April-June quarter of the current financial year (Q1FY23). The company produced 2.43 LT of DRI in the same quarter of the previous fiscal. Its DRI sales during the said period also fell around 13 per cent to 1.56 LT from 1.79 LT in the year-ago quarter.

DRI production was marginally lower on year-on-year (y-o-y) basis due to preponement of planned shutdown. DRI sales volumes were lower on YoY basis due to higher captive consumption. During the April-June 2022, the company produced 1.91 LT crude steel, up 11 per cent from 1.72 LT in the same period a year ago. The company sold 1.74 LT steel against 1.62 LT in the corresponding period of the last financial year. Steel sales volumes increased by 7 per cent y-o-y and 10 per cent q-o-q despite volatile operating environment.

Tata Steel Long Products is one of India’s largest merchant sponge iron manufacturers. The company is engaged in the production of sponge iron by direct reduction method of iron ore and power generation from waste heat.

Tata SteelLong-Amalg Share Price

829.45 0.00 (0.00%)
16-Nov-2023 17:59 View Price Chart
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