Steel demand has declined due to the Covid-19 pandemic in Europe
with customers, including automotive producers, pausing production and utilization levels currently at 70%. Sales and production for the full year were down
year on year, but then increased quarter on quarter in the fourth quarter, the report said.
Tata Steel India reported higher yearly production and sales statistics following the ramp up at Tata Steel BSL - formerly Bhushan steel - and Tata Steel Long products' acquisition of the Usha Martin Steel business.