Business Daily from THE HINDU group of publications
Wednesday, Jan 07, 2009
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Business Daily from THE HINDU group of publications Wednesday, Jan 07, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Corporate
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Performance Marketing - Trends
Our Bureau Mumbai, Jan. 6 Tata Steel has said that its third quarter sale at 1.07 million tonnes (mt) was lower by 14 per cent as against the corresponding period last year due to the economic slowdown. However, the company registered 27 per cent growth in long products during the quarter at 0.48 mt. Hot metal production at 1.70 mt and crude steel production at 1.50 mt was higher by 23 per cent and 17 per cent, compared to the year ago period. Saleable steel production during the quarter almost remained at the same level (1.24 mt) as that of last year despite a planned major shutdown of the hot strip mill. Tata Steel commissioned its third billet caster at steel melting shop and completed upgradation of the roughing mill of the hot strip mill as a part of 1.8 mtpa expansion programme of the existing units. The company said the recently commissioned blast furnace (H blast furnace) has been ramped up and produced over 8,500 tonnes a day for many days against its rated capacity of 7,150 tonnes a day. Its 50-year-old merchant mill touched the best monthly production for two consecutive months this quarter with an improved yield of 96.02 per cent, compared to 95.45 per cent logged last year. The yield of wire rod mill also increased to 98.80 per cent against last year’s 96.35 per cent. ‘Quality management measures help Tata Steel cut production cost’ Two-fold rise in Tata Steel Q2 consolidated net Tata Steel faces risk from price declines Raw material security is Tata Steel’s major concern More Stories on : Performance | Trends | Steel | Tata Steel Ltd
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