Tata Steel Long Products (TSLP) reached record high crude steel output of 186,000mt in Jan-March 2021, up 19pc compared to 156,000mt in Jan-March 2020 and up 7pc compared to 173,000mt in Oct-Dec 2020, on improved market conditions.
The steel manufacturer also recorded its highest full-year production levels, up 11pc for the financial year 2021, ended March 31, compared to 2020, despite the effects of the COVID-19 pandemic.
Crude steel production reached 648,000mt in 2021 compared to crude steel production of 584,000 tons in 2020.
The steelmaker attained its highest yearly sales levels, increased 25pc at 639,000mt in 2021 over the prior year’s sales of 511,000mt. The company’s sales rose 25pc to 172,000mt in Q4 2021 compared to steel sales of 137,000mt in Q4 2020 and were up 4pc in Q4 compared to steel sales of 166,000mt in Q3 on higher production along with market strength.
The company’s rolled product sales were up 20pc in 2021 and alloy wire rod sales volume rose 38pc in comparison with 2020 levels.
TSLP recorded its highest volumes of direct reduced iron (DRI) output in Q4 and 2021. The company’s DRI production reached 797,000mt in 2021 compared to direct reduced iron production of 764,000mt in Q4 2021. The company’s DRI production was 226,000mt in Q4 2021 compared to DRI production of 201,000mt in Q4 2020 and production of 213,000mt in Q3 2021.
The company’s DRI sales rose slightly to 632,000mt in 2021 compared to DRI sales of 626,000mt in 2020. DRI sales volume rose 4pc to 171,000mt in Q4 2021 compared to DRI sales of 164,000mt in Q4 2020 and increased 3.6pc compared to DRI sales of 165,000mt in Q3.