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Tata Steel’s first nine months Performance: FY’05
An all time high hot metal, crude steel and saleable steel production marked the completion of first nine months of FY05 for Tata Steel. The saleable steel production for the April – December ’04 period has been at 3.13 MT, 2% higher than the volumes in the corresponding period last year. This is a significant achievement considering the fact that company’s largest Blast Furnace ‘G’ Blast Furnace was shutdown from 2nd Dec’04 for increasing its capacity. The company’s Cold rolling mill performed spectacularly producing 1.06 million tonnes, 15% higher than last year’s volume in the first nine months of FY’04.
The initiative to enrich the product mix of Tata Steel continues to provide excellent results. The supplies to the Auto Sector comprising of HR, CR and Galvanized products was up by 32 % as compared to corresponding period last year. The sales of branded products Tata Shakti (corrugated galvanized sheets), Tiscon (Rebars) and Tata Steelium (cold rolled sheets) also witnessed significant increase of 13%, 15% and 27% respectively.