India- Tata Steel's Crude Steel Output Grows 7% in Q3 FY18
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Tata Steel - India's 3rd largest steel producer in terms of steel production has registered the growth of 7% Q-o-Q basis in its its crude steel output to 3.24 MnT in Q3 FY18 as compared to 3.03 MnT in Q2 FY18.
On yearly basis basis company's crude steel production fell marginally by 1.2% in Q3 FY18 against 3.28 MnT in Q3 FY17.
During the tenure of Apr-Dec FY18 Tata Steel production volumes recorded the growth of 11% to 9.23 MnT against 8.34 MnT in similar time frame of previous fiscal.
Tata Steel sales performance surged by 7% in Q3 FY18
Company's steel sales performance moved up by 7% to 3.30 MnT in Q3 FY18 against 3.08 MnT in previous quarter.
On yearly basis the same moved up by 10% in Q3 FY18 as compared to 2.99 MnT in Q3 FY17.
In the time frame of Apr-Dec FY18 company sales grew by 18% to 9.13 MnT against 7.76 MnT in similar time frame of previous year.
Tata Steel Q3 FY18 key performance highlights-
1. Company's Sinter plant achieved best ever production of 2.11 MnT in Q3 FY18 compared to its previous best which was 2.09 MnT in Q3 FY17
2. Company's pellet plant achieved best ever production of 1.7 MnT in Q3 FY18 against previous best of 1.64 MnT in Q3 FY17
3.Successfully ramped up 100% capacity utilisation for commercial sale-able steel production at Kalinganagar plant . It is to be noted that as per the market sources, the company's board has approved the implementation of second phase of Kalinganagar project under which its capacity will increase from existing 3 MnT to a total of 8 Mnt respectively in next four years.
4. Achieved best ever quarterly sales of 3.3 MnT in Q3 FY18; previous best was 3.2 MnT in Q4 FY17
Tata Steel, India Production Analysis
| Quarterly | Year till date | ||||
| Items | Q3 FY17 (Actual) | Q2 FY18 (Actual) | Q3 FY18 (Provisional) | Apr-Dec FY'17 (Actual) | Apr-Dec FY'18 (Provisional) |
| Production | 3.28 | 3.03 | 3.24 | 8.34 | 9.23 |
| Sales | 2.99 | 3.08 | 3.30 | 7.76 | 9.13 |
Fig in MnT
Source-Company report
