Tata Steel India Reports Highest Ever Annual Deliveries in 2020-21
Tata Steel India crude steel production was lower by 7%YoY at 16.93 million tonnes in FY 2020-21 primarily due to the disruption caused by COVID-19
Tata Steel India crude steel production was lower by 7%YoY at 16.93 million tonnes in FY 2020-21 primarily due to the disruption caused by COVID-19 pandemic in H1 of 2020-21. But, Tata Steel India achieved highest ever annual delivery volume of 17.30 million tonnes in FY 2020-21 up 2% YoY, despite the COVID-19 pandemic induced disruption in 1HFY21. Figures for Tata Steel India include Tata Steel Standalone, Tata Steel BSL and Tata Steel Long Products
Tata Steel Europe liquid steel production and sales volume for FY 2020-21 were lower on YoY basis due to the impact of the pandemic. Tata Steel liquid steel production in FY 2020-21 reduced by 7% YoY to 9.55 million tonnes while sales was down by 5% YoY to 8.85 million tonnes
Tata Steel India crude steel production in Q4 of FY 2020-21 was flat at 4.75 million tonnes while delivery volume of was up by 16% YoY to 4.67 million tonnes. Domestic deliveries increased 22% YoY to 4.17 million tonnes on the back of robust marketing network and improved market conditions. Exports were at 11% of overall deliveries. Automotive & Special Products segment deliveries grew by 13% QoQ and 57% YoY to 0.78 million tonnes in Q4 of FY 2020-21. Branded Products & Retail segment deliveries grew 3% QoQ and 23% YoY to 1.45 million tonnes in Q4 of FY 202-21. Industrial Products & Projects segment deliveries grew by 11% YoY to 1.59 million tonnes in Q4 of FY 2020-21.