Sunday, June 7, 2009

Tata Steel has recorded an 18 per cent jump

With the Indian dometic economy on a recovery path Tata Steel has recorded an 18 per cent jump in sales to 469,000 tonnes in May 2009, compared with the 397,000 tonnes registered in the same period last year.The increase can be maily attributed to the robust demand in the auto and construction sector.Sales of long products, used in the construction sector, have increased 34 per cent, while sales of flat products have grown by 8 per cent in May 2009 over May 2008.During the month under review, Tata Steel saw its saleable steel production surging by 23 per cent to 5.01 lakh tonnes as against 4.08 lakh tonnes.The company claimed that one of its steel melting shops in Jamshedpur achieved best-ever May production at 2.18 lakh tonnes. Also, a merchant mill recorded best-ever May production of 30,710 tonnes over 28,505 tonnes the same period last year.