Tata Steel Long Products Performance in Q1 of 2021-22
Long ProductsRiva Group

Tata Steel Long Products Performance in Q1 of 2021-22

Tata Steel Long Products: 1QFY22 Key Production and delivery volumes highlights: - The production volume of Direct Reduced Iron (Sponge Iron) was at 243

Tata Steel Long Products: 1QFY22 Key Production and delivery volumes highlights:

- The production volume of Direct Reduced Iron (Sponge Iron) was at 243 thousand tons in Q1FY22, as against 226 thousand tons in Q4FY21 and 134 thousand tons in Q1FY21.

- The production volume of Crude Steel was at 172 thousand tons in Q1FY22, as against 186 thousand tons in Q4FY21 and 121 thousand tons in Q1FY21.

- The sales volume of Direct Reduced Iron (Sponge Iron) was at 179 thousand tons in Q1FY22, as against 171 thousand tons in Q4FY21 and 104 thousand tons in Q1FY21.

- The sales volume of Crude Steel was at 162 thousand tons in Q1FY22, as against 172 thousand tons in Q4FY21 and 117 thousand tons in Q1FY21.

- 1QFY22 Crude steel production and Steel Rolled Product sales volume increased by 42% YoY and 39% YoY, respectively as 1QFY21 was impacted due to the COVID-19 pandemic and the stringent nationwide lockdown.

- During the quarter, Crude steel production volume decreased by 8% QoQ due to planned shutdown at BF#2 and limited availability of oxygen. Steel Rolled Product witnessed a marginal decrease of 3% QoQ against industry de-growth of around 20%, due to partial lockdowns announced by some of states and temporary shutdowns in few steel consuming sectors amidst the 2nd wave of COVID-19 pandemic. The domestic market has been improving since mid-Jun'21 with easing lockdowns.

- Tata Steel Long Products achieved highest ever quarterly Sponge Iron production of 243 KT with a growth of 81% YoY and 8% QoQ in 1QFY22; DRI sales volume also grew 72% YoY and 5% QoQ.

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