According to Mining News Pro -On yearly basis basis company’s crude steel production moved up by 2% in Q2 FY19 against 3.2 MnT in Q2 FY18. In Q2FY19 crude steel production was higher amid better plant availability.
During the tenure of H1FY19, Tata Steel’s production volumes recorded growth of 5% to 6.44 MnT against 6.15 MnT in similar time frame of previous fiscal.
Tata Steel sales performance surged 7% in Q2 FY19 - Company’s standalone steel sales moved up by 7% to 3.18 MnT in Q2 FY19 against 2.97 MnT in Q1 FY19.
On yearly basis the same moved up by 3.2% in Q2 FY19 as compared to 3.08 MnT in Q2 FY18. Also automotive and special products sales grew by 17% on yearly basis due to higher demand from auto sector.
In the time frame of Apr-Sep H1FY19 company’s sales grew by 5.3% to 6.14 MnT against 5.83 MnT in similar time frame of previous year.
Bhushan Steel’s inventory reduction on higher sales- Tata Steel has acquired the troubled Bhushan Steel under the Corporate Insolvency Resolution Process in Apr’18. Production of Bhushan steel witness the marginal growth of 1% Q-o-Q basis in Q2FY19 over previous quarter.
However sales reported robust increase by 34% in Q2 FY19 to 1.14 MnT as compared to 0.85 MnT in Q1 FY19. This helped in inventory reduction.
However on yearly basis company’s production recorded the growth of 23% in Q2FY19 against 0.85 MnT in similar quarter of previous year.And sales grew by 11% against 1.03 MnT in Q2FY18.
During the tenure of Apr-Sep H1FY19 Bhushan Steel production volumes recorded the growth of 14% and sales grew by 6% against similar time of previous year.
Tata Steel India Production Analysis-
Items | Q2FY19 (provisional) | Q1FY19 (actual) | Q-O-Q (Changein%) | Q2FY18 (actual) | H1FY19 (provisional) |
Tata Steel Production & Sales Figures |
Production | 3.27 | 3.18 | 2.83 | 3.2 | 6.44 |
Sales | 3.18 | 2.97 | 7.07 | 3.08 | 6.14 |
BhushanSteel Production & Sales Figures |
Production | 1.05 | 1.04 | 0.96 | 0.85 | 2.09 |
Sales | 1.14 | 0.85 | 34.11 | 1.03 | 1.99 |
http://www.miningnewspro.com/En/News/279118/India: Tata Steel Production Up 3%; Sales Climb 7% in Q2 FY19