Tata Steel's saleable steel production up 11 pc in 9 months of FY'07

Mumbai, Jan 3 (UNI) Tata Steel has completed the first nine months of FY'07 on a buoyant note with impressive increase in its production and sales volumes of both hot metal 4.1 million tonnes and crude steel producton 3.7 million tonnes, was higher by compared to the corresponding period of last year.

The saleable steel production at 3.66 million tonnes registered a significant increase of 11 per cent, a company's release here said.

The total sales recorded 3.532 million tonnes, an increase of 11.70 per cent. Of this, the domestic sale of long products has increased by 30 per cent and the sale of 'TATA TISCON' has increased by 50 per cent and the market share in the rebar segment has increased to nine per cent compared to the corresponding period last financial year.

The cumulative volume of Tata Shaktee sold since its brand launch is expected to reach one million Tonne in March 2007. The YTD (year to date) sales figure is 4.5 per cent higher than previous year. Tata Steel is the first steel company in India to start selling rebar by length, cutting down cost for the customers.

UNI