loader2
Partner With Us NRI

Tata Steel India sales volume at 4.41 MT in Q3FY22, down 5% Yoy, 4% QoQ

News: For Q3FY22, Tata Steel Indian operations crude steel production was at 4.80 million tonnes (MT), up 4% YoY & 1% QoQ. Tata Steel India’s delivery volumes for Q3FY22 were at 4.41 MT, down 5% YoY & 4%QoQ. For Q3FY22, Tata Steel Europe reported production volume was at 2.56 MT, which was flattish QoQ and down 1% YoY. Tata Steel Europe’s sales volume for Q3FY22 was at 2.15 MT, flattish QoQ and up 2% YoY.

Views: While for Q3FY22, Tata Steel Indian operations volume declined marginally both QoQ as well as YoY, for 9MFY22, Tata Steel Indian operations volume was marginally higher YoY. For 9MFY22, Tata Steel India reported crude steel production of 14.16 MT up 16% YoY and total deliveries for 9MFY22 was at 13.15 MT, up 4% YoY. For 9MFY22, Tata Steel European operations crude steel production was at 7.8 MT, up 13% YoY and deliveries were at 6.6 MT, up 4% YoY.

Impact: Neutral