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Tata Steel Reports Production Results for Third Quarter

01/10/2012 - Tata Steel announced the production of 1.724 million tonnes of crude steel in the third quarter of fiscal year 2012, as compared to production of 1.742 million tonnes of crude steel in the previous quarter and production of 1.766 million tonnes in the year-ago third quarter.

Tata Steel announced the production of 1.724 million tonnes of crude steel in the third quarter of fiscal year 2012, as compared to production of 1.742 million tonnes of crude steel in the previous quarter and production of 1.766 million tonnes in the year-ago third quarter.
 
The company also produced 1.846 million tonnes of hot metal in the third quarter, vs. 1.946 million tonnes in the previous quarter and 1.902 million tonnes in the year-ago third quarter.
 
Also during the third quarter, the company produced 1.752 million tonnes of saleable steel vs. 1.710 million tonnes in the previous quarter and 1.732 million tonnes in the year-ago third quarter. Total third quarter sales were 1.640 million tonnes, vs. 1.648 million tonnes in the previous quarter and 1.622 million tonnes in the year-ago third quarter.
 
For the third quarter, the company’s flat products sale increased 3% year-on-year, however the company reports that long products sales are low due to lower availability of finished goods because of planned shut downs in the mills. The company’s LD #2 achieved highest-ever quarterly production in the third quarter.
 
Also during the third quarter, Tata Steel was conferred with ‘Best Conscious Capitalist Award’ for 2011-2012 at the Forbes India Leadership Awards.
 
Established in 1907 as Asia's first integrated private-sector steel company, Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes. It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26.64 billion in FY '11, has over 81,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.