Tata Steel's April-June India Deliveries Fall 4% On Year

Tata Steel Ltd. on Tuesday reported a 4% year-on-year decline in crude steel deliveries from its India operations to 4.75 million tonnes in the June quarter.

Sequentially, deliveries dropped 15% due to maintenance shutdowns, including at its Jamshedpur G blast furnace and Neelachal Ispat Nigam facilities. Production in India was largely flat at 5.26 million tonnes, down 3.3% from the previous quarter.

Deliveries from the Netherlands inched up to 1.50 million tonnes from 1.47 million a year ago, while UK deliveries dropped to 600,000 tonnes from 680,000 tonnes. Thai operations posted a 10% rise in deliveries to 340,000 tonnes.

In India, the industrial products and projects vertical contributed 1.60 million tonnes, branded and retail products 1.46 million tonnes, and automotive and special products 0.77 million tonnes, supported by 4% growth in hi-end offerings.