Tata steel India’s crude steel output rose by 3pc to 4.75mn mt in Q4FY21, while production in Europe increased by 2pc to 2.65mn mt from the prior quarter. In FY2021, crude steel output in both India and Europe dipped by 7pc from the prior year amid disruptions caused by the pandemic, according to provisional figures reported by the company.
In Q4, Tata steel India’s sales volume rose to 4.67mn mt, up by 16pc from a year ago on the back of improved market conditions and robust marketing efforts. Sales volume in Europe increased by 4pc to 2.49mn mt from the prior year amidst improved demand and seasonally stronger Q4.
| Tata steel’s crude steel production in FY2021 | ||||||
|---|---|---|---|---|---|---|
| Units: mn mt | Q42021 | Q42020 | Change | FY2021 | FY2020 | Change |
| India | 4.75 | 4.73 | 0.4% | 16.93 | 18.2 | -7.0% |
| Europe | 2.65 | 2.64 | 0.4% | 9.55 | 10.26 | -6.9% |
Domestic sales in India increased by 22pc in Q4 to 4.17mn mt, while exports contributed to 11pc of total sales. In the full year, delivery volumes rose to 17.30mn mt, up 2pc from a year ago to record Tata steel India’s highest-ever annual sales volume.
In Q4, domestic deliveries to automotive and special products’ segment increased by 57pc to 780,000mt from a year ago and up by 13pc from Q3. For the full year, the segment’s sales volume increased by 7pc from a year ago to over 2mn mt.
Branded and retail products deliveries in Q4 rose by 23pc from the prior year and increased by 3pc from Q3, while sales of the industrial products segment grew by 11pc from a year ago to 1.59mn mt.
Indian subsidiaries
Tata BSL
In Q4, Tata steel BSL’s crude steel output rose to 1.18mn mt, up by 5pc from the prior year and up by 6pc from Q3. For the full year, crude production dropped to 4.085mn mt down by 8.5pc from the prior year.
Sales volume in Q4 rose to 1.19mn mt, up by 22pc from a year ago, while up by 4pc from Q3 on improved market conditions. In Q4, domestic deliveries increased by 6pc to 1.006mn mt from Q3. The company’s exports dropped to 16pc in Q4 from 18pc in Q3. Despite COVID-19 induced disruptions, the company’s annual sales volume increased by 4pc to 4.31mn mt over the prior year.
Tata Long Products
Tata Steel Long Products (TSLP) reached record high crude steel output of 186,000mt in Q4, up 19pc from the prior year and up 7pc compared from Q3 on improved market conditions. In FY2021, the steelmaker recorded its highest full-year production levels of 648,000mt, up 11pc from the prior year, despite the effects of the pandemic.