Tata Steel has witnessed a quarter-on-quarter (q-o-q) decline in standalone production and sales volumes in Q1 FY’22.
- Steel production stood at 4.63 mn t in Q1 against 4.75 mn t in Q4 FY’21, down 3%.
- Sales slipped by 11% to 4.15 mn t in Q1 compared to 4.67 mn in the last quarter.
- Diversion of liquid oxygen for medical aid amidst the second COVID wave, besides region-specific lockdowns, led to the decline in production and sales, the company informed.
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