Tata Steel India sales up 9% in January

Tata Steel India sales up 9% in January

Mumbai: Tata Steel Ltd, the world’s eighth-largest steel maker, said on Friday steel sales from its Indian operations rose 9 percent in January to 556,000 tonnes.

Crude steel output for the month rose 14% from a year ago to 596,000 tonnes.

The Indian operations account for about a quarter of the group’s total annual capacity of 30 million tonnes, which includes unit Corus, Europe’s second-largest steelmaker.

Sales of long products, used in construction, rose 10% in January from a year earlier, while sales of flat products, used in automobiles and consumer goods, increased 8%, the company said in a statement.