Tata Steel Puts Up Best Output, Sales Show
Kolkata: Tata Steel has managed to put in its best ever total agglomerate production of 13.81 million tonne in FY16, up 8%, beating its previous best output of 12.78 million tonne in FY15.
The company’s steel marketing and sales also achieved its highest ever volumes at 9.54 million tonne in FY16, which is 9% higher than its previous best of 8.75 million tonne in FY15. Tata Steel’s production gain was boosted by its highest ever hot metal production of 10.65 million tonne against its previous highest of 10.16 million tonne of hot metal produced in FY15. One of the country’s largest private sector steel makers, Tata Steel reported its highest crude steel production of 9.96 million tonne in FY16 compared with its previous best of 9.33 million tonne in FY15.
Tata Steel also posted its best ever production for saleable steel production of 9.70 million tonne in the just concluded fiscal, almost 7% higher than its previous best 9.07 million tonne in FY15, a statement issued by the company said adding that its various mills, have also achieved best ever production.