Tata Steel said it registered a significant increase in both production and sales during October. Its total sales last month increased 38% to 462,000 tonnes from the 335.000 tonnes for the corresponding month in the preceding year. The boost came on the back of a robust demand from the construction sector.
During the month, the company said there was 89% increase in the sales of long steel products over the corresponding month last year.
During the month under review, the company's crude steel output rose 22% to 599,000 tonnes from the 489,000 tonnes in October last year, while saleable steel production increased 27% to 570,000 tonnes from the 450,000 tonnes in October 2008.
It said it recorded the best-ever hot metal production of 649,000 tonnes, compared with the 555,000 tonnes produced a year ago--a growth of 17%.
Tata Steel said it completed last month a significant increase in production of its hot metal, crude steel and saleable steel over the corresponding month of last year.
In addition to hot metal, its steel-melting shops recorded their best-ever monthly production, it added.
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