Tata Steel to rock on Dalal Street owing to awesome production data

Tata Steel has declared its steel production data for first half of the current financial year. The company has witnessed a robust data on production front. The share price of the company will be in focus on an intraday basis.

Considering latest quarter, Tata Steel’s hot metal production has increased by 17 per cent to 3.12 million tonnes in Q2FY17 on a yearly basis. The company’s crude steel production too has risen by 13 per cent to 2.82 million tonnes in Q2FY17 as compared to same period in previous financial year. Its saleable steel production also has increased by 11 per cent to 2.71 million tonnes in Q2FY17 on a yearly basis.

On the half yearly front, Tata Steel’s hot metal production has increased by 17 per cent to 6.14 million tonnes in H1FY17 on a yearly basis. The company’s crude steel production too has risen by 10 per cent to 5.35 million tonnes in H1FY17 as compared to same period in previous financial year. Its saleable steel production also has increased by 9 per cent to 5.06 million tonnes in H1FY17 on a yearly basis.

Tata Steel’s blast furnace has achieved lowest best coke rate of 372 kg/thm in Q2FY17. The company’s sales in automotive segment have risen by 7 per cent on yearly front. Its availability of additional volumes has enabled 12 per cent YoY growth in sales to industrial products and project segments.