reported an annual sales volume of 17.30 million tonnes in FY21, up by 1% year on year(yoy). The company’s annual production came down by 7% to 16.93 million tonnes in FY 21 as against 18.20 in FY 20.
“Full-year FY21 production was lower by 7% yoy primarily due to the disruption caused by COVID-19 pandemic during the first half of FY 21,” the company said in a media statement on Tuesday, adding that the company remains focused on managing costs and cash flows while pursuing deleveraging.
The company reported a crude steel production of 4.73 million tonnes during the same period of Q4, last year. Out of the total sales in Q4 at 4.67 million tonnes, exports were at 11%.
“Domestic deliveries increased 22% yoy to 4.17 million tonnes on the back of company’s robust marketing network and improved market conditions,” the company’s statement said.
As per Tata Steel, automotive & special products segment sales grew by 13% quarter-on-quarter (QoQ) and 57% yoy to 0.78 million tonnes in Q4 of FY21. Full-year FY21 sales volume crossed 2 million tonnes, registering a 7% YoY growth.
Branded products & retail segment deliveries grew 3% QoQ and 23% yoy to 1.45 million tonnes Q4 of FY21. Industrial products & projects’ segment deliveries grew by 11% yoy to 1.59 million tonnes.
During the quarter, steel production at Tata Steel Europe increased to 2.65 mn tons. Steel sales volume rose by 18%QoQ and 4%YoY.
“Steel production and sales volume for FY21 were lower at Tata Steel Europe on YoY basis due to the impact of the pandemic,” the company said in its statement.