Tata Steel Long’s sponge iron production doubled to 0.22mn mt in the December quarter, from 0.11mn mt produced in the prior year period, while compared to the September quarter, production was up by 30pc.
|December Quarter 2019||December Quarter 2018||% Change (YoY)||September Quarter 2019|
Production of sponge iron in April-Dec 2019 was 0.57mn mt, up by 78pc from 0.32mn mt the prior year.
|Production Volume (mn mt)||April-Dec 2019||April-Dec 2018||% Change|
In the December quarter, the Tata Steel Long sold 0.19mn mt, up by 73pc from the prior year and 36pc from the prior quarter. Saleable steel sales stood at 0.16mn mt in the December quarter, up by 33pc from the prior quarter.
Sponge iron sold in April-Dec 2019 was 0.46mn mt, up by 44pc from 0.32mn mt posted the prior year. Saleable steel sold in April-Dec 2019 stood at 0.37mn mt.
|Sales Volume (mn mt)||April-Dec 2019||April-Dec 2018||% Change|
Tata Steel Long Products is a subsidiary of Tata Steel, wherein Tata Steel holds 75.91pc shareholding. The company acquired the steel business of Usha Martin Limited in April 2019. The business comprises a specialised ~1.0mtpa alloy based manufacturing capacity in long products segment based in Jamshedpur, a producing iron-ore mine, a coal mine under development and captive power plants.