Tata Steel Ltd.

Tata Steel’s consolidated steel output remained flat at 7.66 million tonnes (MT) during the April-June quarter of the current financial year (Q1FY23). The company produced 7.65 MT of steel in the same quarter of the previous fiscal. The company's consolidated sales during the said period fell 4 percent to 6.53 MT, from 6.83 MT in the year-ago quarter.

Tata Steel India registered over a 6 percent rise in output at 4.92 MT as compared to 4.63 MT it had produced during April-June 2021-22. Its sales fell 2 percent to 4.06 MT in the said period from 4.15 MT a year ago. Tata Steel Europe produced 2.43 MT of steel in April-June 2022, down from 2.67 MT in the same period of the preceding fiscal. Sales in Europe also fell to 2.16 MT from 2.33 MT in the year-ago quarter. In Thailand, Tata Steel Thailand produced 0.31 MT of steel, lower from 0.35 MT in the corresponding period of the 2021-22 fiscal. Sales were down at 0.31 MT compared to 0.35 MT a year ago.

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.