India: Tata Steel posts over 20% q-o-q growth in sales in Q2FY’23

Tata Steel’s sales volumes increased by 21% in Q2FY’23 at 4.91 mnt compared with 4.07 mnt a quarter ago. Sales rose on improved demand from end-user industries like infrastructure, oil and gas, construction and automobile. However, maintenance shutdowns taken by the mill weighed on output. The company’s crude steel production dropped 2% q-o-q to 4.81 mnt in Q2.


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