Tata Steel Long Products (TSLP) has reported 15.45% rise in its total production to 4.11 lakh tonne (LT) during the 3QFY23 as compare to 3.56 LT in the same quarter of the previous fiscal. Of the total production, crude steel production of the company was 2.28 LT up 33.33% from 1.71 LT in the same period a year ago, while its Direct Reduced Iron production came down by 1.08% to 1.83 LT in Q3FY23 as compared to 1.85 LT in the same quarter of the previous fiscal.
During the reporting period, the company’s total sales increased by 15.22% to 3.33 LT from 2.89 LT in the corresponding period of last year. Of the total, saleable steel sales increased by 18.29% to 1.94 LT for the quarter under review as compared 1.64 LT for the same quarter in the previous year, while direct reduced iron sales during the Q3FY23 period fell 11.20% to 1.39 LT from 1.25 LT in the year-ago quarter.
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.
