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Tata Steel July sales up 18%

Tata Steel July sales up 18%
PTI
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First Published: Thu, Aug 06 2009. 02 22 PM IST
Updated: Thu, Aug 06 2009. 02 22 PM IST
New Delhi: Tata Steel on Thursday said it witnessed a 18% rise in its sales to 4.78 lakh tonnes in July on the back of robust demand from the auto and construction sectors.
In the corresponding period last year, the steel major’s sales stood at 4.05 lakh tonnes, the company said in a statement here.
The company added that in the reporting month there was a 48% increase in the sales of long steel products, primarily consumed by construction firms, over the same period a year ago.
During the month under review, the company saw its crude steel output rising by 27% to 5.53 lakh tonnes as against 4.36 lakh tonnes in the same period last year.
Its saleable steel production increased by 24% to 5.39 lakh tonnes last month as against 4.35 tonnes in July 2008.
The company’s hot metal production too went up to 5.97 lakh tonnes as compared to 4.82 lakh tonnes produced a year ago, a growth rate of 24%. Tata Steel added that it was the best hot metal production ever recorded.
The firm said that “it completed July by showing a significant increase in its hot metal, crude steel and saleable steel production” over the year-ago period,“ it said.
Besides hot metal, the firm said its steel melting shops and hot-strip mill too recorded best-ever production.
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First Published: Thu, Aug 06 2009. 02 22 PM IST