Tata Steel's quarterly crude steel production reaches record high in India

Tata Steel India posted its highest-ever quarterly crude steel output, rising 12% year-on-year to 6.34 million tonnes in the three months to Dec. 31, while deliveries climbed 14% to a record 6.04 million tonnes.

Tata Steel reported its highest quarterly crude steel production in India for the third quarter, supported by increased output at its Jamshedpur and Kalinganagar plants. Output rose 12% year-on-year to 6.34 million tonnes in the three months ended Dec. 31, and deliveries increased 14% to a record 6.04 million tonnes. The report places these results in the context of a domestic steel sector that is facing price pressure from cheap imports. Analysts and company reporting from recent months are also referenced in the piece. Key facts: - Tata Steel India’s quarterly crude steel production was 6.34 million tonnes, up 12% year-on-year. - Deliveries for the quarter reached a record 6.04 million tonnes, up 14% year-on-year. - Increased output at the Jamshedpur and Kalinganagar facilities was cited as a driver of the rise. - The article reports that Indian steelmakers are under pressure on prices from cheaper imports. - The article mentions analysts at Axis Securities expect Tata Steel’s third-quarter core earnings to rise about 46% from a year earlier. Summary: The record quarterly output and higher deliveries mark a notable operational increase for Tata Steel India amid wider industry headwinds from cheaper imports. The article notes analyst expectations of higher third-quarter core earnings; broader market effects and company guidance are undetermined at this time.