Tata Steel announces Production Results for Q2 and H1 of FY '2011-12
Tata Steel registered robust performance in the second quarter and first half of FY’12.The key production and sales figures are appended below.
Production & Sales Performance:
‘Figures in ‘000 tonnes
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Item
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Q2 FY'11
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Q1 FY'12
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Q2 FY'12
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H1
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FY'11
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FY'12
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Hot Metal
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1899
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1944
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1946
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3723
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3889
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Crude Steel
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1726
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1794
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1742
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3353
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3536
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Saleable Steel
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1610
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1750
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1710
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3201
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3460
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Total Sales
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1664
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1593
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1648
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3064
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3241
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Other operating highlights:
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Flat Products sale in Q2FY’12 increased 3% y-o-y.
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Long Products achieved best ever quarterly retail sales of 268 kt (previous best 242 kt in Q1 FY’12).
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LD#2 (one of the Steel Melting Shop) achieved highest ever quarterly production of 994 kt (previous best: 990 kt in Q1 FY’12).
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New Bar Mill (Long Products rolling mill) recorded its best quarterly production of 202 kt (previous best: 193 kt in Q1 FY’12).
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Wire Rod Mill (Long Products rolling mill) recorded its best quarterly production of 111 kt (previous best: 108 kt in Q3 FY’05).
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Tata Steel conferred with the ‘Business Superbrand 2010-11’ status by Superbrands India.
About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.64 billion in FY’11, has over 81,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.