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Tata Steel’s Quarter 1 Performance: Fy’05-06
Jamshedpur, July 02, 2005
Tata Steel completed the first quarter of FY 05-06 on a buoyant note with a significant increase in its liquid iron and crude steel production. Liquid iron, commonly known as hot metal at 1.21 MT is 6.5% higher as compared to volumes in the first quarter last year. The crude steel production at 1.11 MT registered an impressive increase of 5.3%. The gains are noteworthy considering the fact that company’s largest furnace, the revamped ‘G’ furnace, was commissioned in April and reached the rated capacity in the second half of May. With the increased iron making capacity, the Company’s dependence on purchased metallics has gone down substantially.