Tata Steel Long Products (TSLP) has reported 11.81% rise in its total production to 407 thousand tonne during the Q2FY24 as compare to 364 thousand tonne in the same quarter of the previous fiscal. Of the total production, crude steel production of the company was 280 thousand tonne up 73.91% from 161 thousand tonne in the same period a year ago, while its Direct Reduced Iron production came down by 37.44% to 127 thousand tonne in Q1FY24 as compared to 203 thousand tonne in the same quarter of the previous fiscal.
During the reporting period, the company’s total sales reported 4.84% rise to 325 thousand tonne from 310 thousand tonne in the corresponding period of last year. Of the total, saleable steel sales increased by 73.25% to 272 thousand tonne for the quarter under review as compared 157 thousand tonne for the same quarter in the previous year, while direct reduced iron sales during the Q2FY24 period fell 65.36% to 53 thousand tonne from 153 thousand tonne 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.
