Tata Steel Ltd. reported a 5% year-on-year increase in domestic crude steel production and a 6% rise in sales for the second quarter of the current fiscal, as per provisional business updates released on Sunday. The company produced 5.27 million tons of crude steel in India during the July-September period, up from 5.02 million tons in the same period last year. Sales in India reached 5.10 million tons, compared to 4.82 million tons in the previous year. For the first half of the fiscal year, domestic crude steel production increased by 5%, while sales saw a 4% rise.
Global Performance
In the Netherlands, Tata Steel’s liquid steel production reached 1.68 million tons, a 41% increase year-on-year and remained stable compared to the previous quarter. However, in the UK, liquid steel production at Port Talbot dropped to 0.38 million tons from 0.76 million tons last year, as operations at the remaining blast furnace ceased last month. Sales in the UK also declined to 0.64 million tons from 0.73 million tons.
Tata Steel has announced plans to invest GBP 1.25 billion to install electric arc furnace technology at Port Talbot, aiming to create a more sustainable production process using UK-sourced scrap steel. Production is expected to resume by 2027 or 2028, with a focus on low-CO2 steelmaking.
In September, Tata Steel India commissioned the nation’s largest blast furnace at its Kalinganagar facility, increasing crude steel capacity to 26.6 million tons annually. The new plant will boost production capabilities and cater to rising demand from industries such as automotive, infrastructure, power, and shipbuilding.
Tata Steel, one of the world’s largest steel producers, is a leading player in the global steel industry with operations across more than 26 countries. Founded in 1907 as part of the Tata Group, Tata Steel has played a pioneering role in the industrial growth of India.
The company is recognized for its commitment to innovation, sustainability, and corporate responsibility. Tata Steel produces a wide range of high-quality steel products, serving sectors such as automotive, construction, and infrastructure.
In recent years, Tata Steel has focused on decarbonizing its operations and adopting greener technologies to reduce its carbon footprint, aiming to make significant strides toward sustainability in steel production. Its initiatives reflect a dedication to future-ready, responsible growth while maintaining its leadership in the industry.
