Tata Steel, during the last quarter of Financial Year 2021, records a 16% jump in sales at 4.67 million tonnes with crude steel production flat at 4.75 million tonnes. Tata Steel India reported an annual sales volume of 17.30 million tonnes in FY21, up by 1% year on year (yoy).
“Full-year FY21 production was lower by 7% yoy primarily due to the disruption caused by COVID-19 pandemic during the first half of FY 21. Domestic deliveries increased 22% yoy to 4.17 million tonnes on the back of company’s robust marketing network and improved market conditions,” the company issued a media statement.
As per Tata Steel, automotive & special products segment sales grew by 13% quarter-on-quarter (QoQ) and 57% yoy to 0.78 million tonnes in Q4 of FY21. Full-year FY21 sales volume crossed 2 million tonnes, registering a 7% YoY growth. Industrial products & projects’ segment deliveries grew by 11% yoy to 1.59 million tonnes.
