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Journalism of Courage
Tata Steel Ltd,the world’s No. 8 steelmaker by output,said on Monday August steel sales at its Indian operations rose 25 percent from a year earlier to 492,000 tonnes.
The local operations contribute about a quarter of the group’s total annual global capacity of 30 million tonnes,which includes Corus,Europe’s second-largest steelmaker.
The strong performance came on the back of an 81 percent jump in sales of long products,used in construction,from a year earlier.
Saleable steel production in August rose by 14 percent from a year earlier to 526,000 tonnes,the company said in a statement.
