India: Tata Steel Production Up 3%; Sales Climb 7% in Q2 FY19
Mining News Pro - Tata Steel- one of India’s major steel maker has registered growth of 3% Q-o-Q basis in its its standalone crude steel output to 3.27 MnT in Q2 FY19 as compared to 3.18 MnT in Q1 FY19.
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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


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