Tata Steel’s long products business had an impressive performance in Q3FY23, with production and sales increasing significantly compared to the year-ago period. Production rose to 411000 MT from 356000 MT YoY, while sales were up to 333000 MT from 289000 MT YOY. The growth was driven by robust demand across the Indian and European markets.
The growth in delivery volume was also impressive, with India delivering 4.73 mn MT in Q3FY23 compared to 4.42 mn MT YoY. Europe posted a delivery volume of 1.96 mn MT Vs 2.16 mn MT, while Thailand delivered 0.29 mn MT Vs 0.32 mn MT YoY.
Production was also strong in Q3FY23, with India producing 5 mn MT Vs 4.81 mn MT YoY and Europe producing 2.25 mn MT Vs 2.57 mn MT. Thailand’s production was at 0.27 mn MT Vs 0.32 mn MT YoY.
Overall, Tata Steel’s long products business had an impressive performance in Q3FY23, with production, sales, and delivery volumes all increasing compared to the same period last year. This is a positive sign for the company, indicating that demand for its products is strong and that it is well-positioned to benefit from future growth.
The company is also investing in new technologies and expanding its production capacity to meet the rising demand for its products. This further strengthens Tata Steel’s position in the long products market and bodes well for the future of the business.
With the growth in production, sales, and delivery volume in Q3FY23, Tata Steel’s long products business is well-positioned to continue its impressive performance in the coming quarters.
Overall, the impressive performance of Tata Steel’s long products business in Q3FY23 indicates the strong demand for the company’s products. The company’s investments in new technologies and expansion of production capacity will further help it gain an edge in the market and benefit from the uptick in demand for long products.