Tata Steel India achieves record output after Bhushan acquisition; European operations struggle

Tata Steel India achieved its highest-ever crude steel output in the last quarter of its financial year ending March 31, 2019.

The improved performance was due to plant restarts, including a ramp-up at the recently acquired Bhushan steel facility, which has been renamed Tata Steel BSL, the company said on Saturday April 6. Tata’s steelmaking capacity rose by 5.6 million tonnes per year following the acquisition of Bhushan Steel and its mills in 2018. Full-year provisional results show Tata Steel India produced 16.79 million tonnes of crude steel in its full financial year ending March 31, compared with a crude steel output of 12.48 million tonnes in the preceding 12-month period. Annual sales volumes rose to 16.27 million tonnes, provisionally, in the year to March 31, up from 12.15 million tonnes the previous year. Tata Steel India posted a 46% increase in output in its financial fourth quarter (January-March), producing 4.47 million tonnes of steel, up from 3.07 million tonnes in January-March 2018. And operations in India achieved their highest-ever steel sales in January-March 2019, with volumes increasing...

Published

Paul Lim

Carrie Bone

April 09, 2019

13:50 GMT

London