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News: Tata Steel reported provisional sales volume numbers for the Q4FY23 and FY23. For Q4FY23, Tata Steel Indian operations sales volume was at 5.15 million tonnes (MT), up 9% QoQ and 1% YoY. For Q4FY23,Tata Steel European operations reported sales volume of 2.31 MT, up 7% QoQ and flattish YoY. For Q4FY23, Tata Steel Thailand operations reported sales volume of 0.31 MT, up 7% QoQ but down 9% YoY.
Views: For FY23, Tata Steel Indian operations sales volume was at 18.87 million tonnes (MT), up 3% YoY and surpassed the previous best recorded in FY22. For FY23,Tata Steel European operations reported sales volume of 9.38 MT, down 7% YoY. For FY23, Tata Steel Thailand operations reported sales volume of 1.20 MT, down 7% YoY.
Impact: Neutral