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Second quarter sales of Tata Steel India mounts 3.24 percent

By Team Pardaphash 
Updated Date

Tata Steel India’s year-on-year sales during the second quarter of 2018-19 rose by 3.24 per cent to 3.18 million tonnes (MT) on provisional basis.

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According to Tata Steel India, sales during the period under review grew to 3.18 MT (provisional) from an off-take of 3.08 MT (actual) in Q2 of 2017-18.

“Q2FY19 production was higher mainly due to better plant availability; sales increased 7 per cent QoQ (quarter-on-quarter) with higher demand pull from market,” Tata Steel said in a statement on Monday.

“Automotive and special products sales grew by 17 per cent YoY (year-on-year) to 552 KT (kilotonnes) in Q2FY19, mainly driven by higher demand from auto sector.”

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