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Tata Steel sales jump 25% in August

Tata Steel sales jump 25% in August
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First Published: Mon, Sep 07 2009. 11 41 AM IST
Updated: Mon, Sep 07 2009. 11 41 AM IST
Mumbai: Tata Steel Ltd, the world’s No. 8 steelmaker by output, said on Monday August steel sales at its Indian operations rose 25% from a year earlier to 492,000 tonnes.
The local operations contribute about a quarter of the group’s total annual global capacity of 30 million tonnes, which includes Corus, Europe’s second-largest steelmaker.
The strong performance came on the back of an 81% jump in sales of long products, used in construction, from a year earlier.
Saleable steel production in August rose by 14% from a year earlier to 526,000 tonnes, the company said in a statement.
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First Published: Mon, Sep 07 2009. 11 41 AM IST