Indian TATA Steel`s product volume of finished steel up by 8% in Jun y-o-y

TATA Steel, the Indian steel producer, announced that during the financial year of 2018-2019 (as of June 30th), the output of crude steel and finished steel from its Indian mills totaled around 3.2 million tons and 3 million tons, up by 7.8% and 8% year on year respectively.

In the meantime, the output of crude steel and finished steel from its affiliated mills in Europe reached around 2.8 million tons and 2.4 million tons, up by 0.7% and 1.25% year on year respectively.

TATA Steel said that in spite of the uncertain factors due to the Section 232, the exports from its mills in Europe in the first quarter still enjoyed a pick-up compared to the same period of last year.

In addition, from January to June, TATA Steel`s affiliated mills in Southeast Asia produced finished steel of 520,000 tons, rising by 4% year on year with a stable sales volume of around 600,000 tons.