Tata Steel BSL: Iron Ore Sourcing Down 45% in Apr'20
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Tata Bhushan Steel - a major integrated steelmaker with a capacity of 5.6 MnT has recorded iron ore sourcing at 207,910 MT in Apr'20, down 45% as against 387,175 MT in Mar'20.
Entire sourcing for the month was from its captive mines at 207,910 MT against 288,278 MT in Mar'20.
Sourcing from OMC dropped to nil for the month.
Tata Steel BSL is planning to expand Bhushan steel capacity from 5.6 MnT to 8.3 MnT. They are also planning to enhance production at its captive iron ore mines around Jamshedpur and Kalinganagar.
In FY'20, Tata steel total crude steel output summed up to 18.21 MnT, increased by 8% as against 16.81 MnT in FY '19. In Q4 FY'20 the company's crude steel output from its Indian operations aggregated to 4.74 MnT, up by 6% as compared to 4.47 MnT in the previous quarter. This was supported by the Tata Steel BSL and acquisition of Usha Martin Steel business by Tata Steel Long products; Tata Steel BSL also recorded its best-ever annual performance.
Tata Steel BSL Ltd Iron Ore Sourcing
| Seller | April'20 | March'20 |
| Tata Steel | 207,910 | 288,278 |
| OMC | - | 89,897 |
| Total | 207,910 | 378,175 |
Source: SteelMint Research,
Quantity in MT
Provisional Data,
the figures include only rake movement, road movement is excluded
