Tata Steel, one of the leading steel makers in the world, witnessed an increase of 3.05% in the quarterly sales volume of steel. The company sold 2.13 million tonnes of steel during the quarter ended Dec. 31, 2014 compared with 2.07 million in the same period last year.
During the quarter, hot metal production went up 2.8% to 2.38 million tonnes, while crude steel production increased 5.6% to 2.29 million tonnes, when compared with previous year period.
Saleable steel production was higher by 3.3% over prior year period to 2.22 million tonnes.
Pellet plant production in third quarter was 1.03 million tonnes compared with 0.92 million tonnes in the same period last year.
Sinter plant production in third quarter was 0.381 million tonnes compared with 0.368 million tonnes in the same period last year.
Wire rod mill production in third quarter was 0.110 million tonnes compared with 0.109 million tonnes in the same period last year.
Shares of the company declined Rs 3.85, or 0.96%, to trade at Rs 395.70. The total volume of shares traded was 190,001 at the BSE.
Source:Myris
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