Tata Steel Long Products Reports Highest Annual Volumes for2020-21
Tata Steel Long Products Limited has announced their data for the Financial Year 2020-2021. Tata Steel Long Products achieved the highest ever quarterly
Tata Steel Long Products Limited has announced their data for the Financial Year 2020-2021. Tata Steel Long Products achieved the highest ever quarterly crude steel production of 186 thousand tonnes with a growth of 7%QoQQ and 19%YoY on the back of debottlenecking at steel melting shop and arcing; FY21 production was also highest ever with 11%YoY growth despite disruption caused by COVID-19 pandemic. Sales volumes in 4QFY21 increased by 4%QoQ and 25%YoY to 172 thousand tonnes, driven by higher production and improved market conditions. The company achieved the highest ever annual sales volumes at 639 thousand tonnes with 25%YoY growth. TSLP’s continued focus towards mix enrichment resulted in 20%YoY growth in rolled product sales volume along with 38%YoY increase in alloy wire rod sales volume in FY21.
Tata Steel Long Products also achieved the highest ever DRI production in 4QFY21 and FY21. 4QFY21 DRI sales volume increased by 6%QoQ and 12%YoY to 172 thousand tonnes; FY21 DRI sales volumes increased marginally on YoY basis to 632 thousand tonnes.