Jamshedpur, October 6, 2003:
Tata Steel created history by producing more than two million tons of saleable steel,
for the first time, in the first half of the current financial year. Tata Steel produced
2.01 million tons of saleable steel, a jump of over 10% over its earlier performance of
1.83 million tons, in the corresponding period last year. The Company's hot metal and
crude steel production were at a record high of 2.23 million tons and 2.11 million tons
compared to 2.07 million tons and 1.91 million tons respectively.
The record production figures have been supported by strong domestic sales and exports.
Total sales of flat products were recorded at 1.29 million tons and long products at 0.63
million tons, totaling 1.92 million tons of steel sales in H1 FY'04. Exports exceeded 0.3
million tons.
With the objective of de-linking the company's performance from the cyclical nature of
commodity based steel prices to a more stable and high realization regime, Tata Steel's
efforts to enrich the product mix, enter into synergistic partnerships with customers and
to brand its products has paid rich dividends. The sale of branded products namely Tata
Tiscon reinforcing bars, Tata Shaktee corrugated galvanized sheets and Tata Steelium cold
rolled sheets, witnessed a significant spurt. This strategy has continued to facilitate
Tata Steel's ambition of becoming an EVA positive company, a situation it aspires to
sustain on a year-on-year basis.
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