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Tata Steel says Sept-quarter sales down 1% year/year

Tata Steel says Sept-quarter sales down 1% year/year
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First Published: Fri, Oct 14 2011. 07 13 PM IST

A pedestrian walks past the gate of the Tata Steel Ltd. building in Kolkata (File photo Bloomberg)
A pedestrian walks past the gate of the Tata Steel Ltd. building in Kolkata (File photo Bloomberg)
Updated: Fri, Oct 14 2011. 07 13 PM IST
Mumbai: India’s Tata Steel, the world’s seventh-largest steelmaker, said on Friday sales from its Indian operations fell 1% in the July-September period to 1.65 million tonnes.
A pedestrian walks past the gate of the Tata Steel Ltd. building in Kolkata (File photo Bloomberg)
The Indian operations account for about a quarter of the group’s total annual global capacity of about 28 million tonnes, which includes unit Corus, Europe’s second-largest steelmaker.
Sales of flat products, used in cars and consumer goods, rose 3% from a year ago, the company said, but did not give any details about sales of long-steel products, used mostly in construction industry.
The company’s crude steel production in India stood at 1.74 million tonnes for the quarter, up 1%, it said in a statement.
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First Published: Fri, Oct 14 2011. 07 13 PM IST