Tata Steel’s crude steel production volumes declined by 16pc in H1 FY 2021 ended September 30, 2020, to 12.79mn mt from 15.24mn mt during the same period in FY 2020. During the H1 FY 2021 period, India’s and Europe’s production slipped by 16pc to 7.58mn mt and 4.3mn mt, respectively, and the Southeast Asia division dropped by 20pc to 0.91mn mt. 

 

The steel conglomerate’s crude steel production in Q2 FY 2021, ended September 30, 2020, increased by 31pc to 7.26mn mt over the previous quarter, but provisional volumes for Q2 FY 2021 were 3pc lower than the same quarter a year ago. 

 

The COVID-19 pandemic severely affected production in Q1 FY 2021 but began recovering a quarter later, albeit with some regional variations.

 

Tata Steel’s crude steel production last quarter was led by its Indian division with 4.59mn mt of output, followed by Europe with 2.15mn mt, and Southeast Asia with 0.52mn mt. Geographically, production in India increased by 2pc in Q2 FY 2021 against the same quarter a year ago, but Europe declined by 12pc while Southeast Asia decreased by 9pc, also against the same quarter a year ago. Comparing Q2 FY 2021 to the preceding quarter, Tata India increased output by 54pc, and Tata Southeast Asia increased it by 33pc. However, the European division’s output was flat. 

 

During Q2, India’s overall apparent steel consumption declined by 7.5pc, as crude steel production decreased by 1.9pc, both against the same quarter a year ago. Despite the weaker steel environment, Tata India ramped up output at major sites to full capacity. During the quarter, Tata reduced exports to 24pc of deliveries and focused on domestic fulfillment, which led to an output of 3.86mn mt, up 10pc from a year earlier. 

 

Deliveries declined by 5pc in H1 FY 2021 to 13.2mn mt over the same period last year. Tata India’s shipments during the first half of the year decreased by 1pc to 7.98mn mt, while Tata Europe decreased by 7pc to 4.24mn mt, and Tata Southeast Asia declined by 20pc.

 

Delivery volumes in Q2 FY 2021 reached 7.86mn mt, increasing by 48pc over the preceding quarter, and by 12pc compared to the same quarter a year ago. At 5.05mn mt delivered in Q2 FY 2021, Tata Steel’s Indian division increased deliveries by 22pc from 4.13mn mt in the same quarter a year ago and achieved its highest quarterly volumes ever. Tata Europe’s deliveries decreased by 1pc, while Southeast Asia decreased by 8pc in Q2 FY 2021 from the same quarter last year. 

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