Business Daily from THE HINDU group of publications
Friday, November 6, 2009
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Business Daily from THE HINDU group of publications Friday, November 6, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1510 hrs (IST)
Corporate Tata Steel October sales up 38% NEW DELHI: Tata Steel October sales rose 38 per cent to 4.62 lakh tonnes on the back of robust demand from the construction sector. In the corresponding period last year, the sales stood at 3.35 lakh tonnes, the company said in a statement here. The company said there was 89 per cent increase in the sales of long steel products over the same month a year ago. However, the quantum of products mainly used by the infrastructure and construction companies could not be ascertained immediately. During the month, the company saw its crude steel output rising by 22 per cent to 5.99 lakh tonnes. Its saleable steel production increased by 27 per cent to 5.7 lakh tonnes last month against 4.5 lakh tonnes in October 2008. Hot metal production went up to 6.49 lakh tonnes compared with 5.55 lakh tonnes produced a year ago, registering a growth of 17 per cent. Tata Steel said that it was the best ever hot metal production recorded. The company said it “completed October ’09 with a significant increase in its hot metal, crude steel and saleable steel production over the corresponding month of last year.’’ In addition to hot metal, its steel melting shops too recorded their best ever monthly production. — PTI
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