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TATA steel Quarter 1 results increased 9% YOY

Indian steel player TATA steel posts quarter one numbers in its bse filing.  The overall production increased 9% in 2019-20 first quarter compared to last year in same quarter. The production and sales volumes both increased in India but in Europe both sales and production decreased. After Bhushan steel takeover domestic business is showing better results with full capacity utilization. Steel prices goes up after china US trade war and chinese environmental policies to cut down emissions affecting production and subsequently prices of steel are increasing drastically in the market which is benefiting indian steel industry.

Production data of Quarter 1 

Production         2019-20      2018-19
Over All             7.61mt       6.97mt
India                      4.37mt       3.64mt
Europe                   2.66mt       2.81mt
South east Asia 0.58mt       0.52mt

Sales data of Quarter 1

Sales                      2019-20       2018-19
Over All                6.75mt        6.39mt
India                       3.87mt        3.34mt
Europe                    2.27mt        2.45mt
South east Asia      0.61mt        0.60mt

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