Tata Steel sales up 19% on year in June

Tata Steel sales up 19% on year in June

Mumbai: Tata Steel Ltd, the world’s sixth-largest steel maker, said on Tuesday that June steel sales from its Indian operations rose 19% from a year earlier to 497,000 tonnes.

The Indian operations account for about a quarter of the group’s total annual global capacity of 30 million tonnes, which includes its Anglo-Dutch unit Corus.

Sales of long products, used in construction, jumped 30% in June from a year earlier, while flat products, used in automobiles and consumer durables industries, grew 12%, the company said in statement.

For the April-June quarter, sales from Indian operations rose 22% from a year earlier to 1.42 million tonnes, the company said.

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