Tata Steel production, sales hit record in 2013—14

Resource from: The Hindu Likes:154

Apr 16,2014

Tata Steel today said both its domestic annual production and sales hit record levels in 2013—14 at 9.15 million tonnes and 8.52 million tonnes, respectively. “Tata Steel completed FY14 with an overall increase in production and sales volumes. The company registered its best ever performance in hot metal, crude steel, saleable steel production and total sales,” it said in a statement. Hot metal production, which the company started in 1907, exceeded the previous best at 9.89 million tonnes in the previous financial year against 8.86 million tonnes in 2012—13. Crude steel production touched the highest—ever at 9.15 million tonnes compared with the previous best of 8.13 million tonnes in 2012—13. Saleable steel production of the company, which has its lone operational production plant at Jamshedpur with about 10 million tonnes per annum of installed capacity, clocked a 12 per cent growth in the April—March period from 7.94 million tonnes a year ago. Tata Steel’s sales rose 14 per cent from 7.48 million tonnes a year ago, buoyed by “best—ever” sales to the automotive, industrial products and LPG segments. Annual sales to the automotive, industrial products and LPG segments rose to 1.17 million tonnes, 1.7 million tonnes and 1.1 lakh tonnes, respectively. Tata Steel Group’s annual crude steel capacity now stands at over 29 million tonnes per annum. The group has production facilities in the UK, the Netherlands, Thailand, Singapore, China and Australia. Production of saleable steel clocked a 7 per cent growth the January—March quarter, while sales rose 6 per cent.

(The Hindu)

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Schaeffler introduces New BEARINX®-online Easy module for designing rope sheave bearing supports
Next igus dry-tech box now features the largest range of plastic bearings worldwide

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.