Tata Steel's sales down by 22.8% YOY in Apr-Jun
2020-07-10 13:48:50 [Print]
Tata Steel Ltd
Consolidated production during the quarter also fell 28.5% to 5 . 52 MT from 7 . 72 MT in the first quarter of 2019-20, TSL said in a regulatory filing.
In the just concluded quarter, TSL's India sales were at 2.92 MT, down from 3 . 96 MT in the year-earlier period, while the production volume fell to 2 . 99 MT from 4 . 5 MT . Sales in Europe fell to 1 . 94 MT, from 2 . 26 MT a year earlier, while output fell to 2 . 14 MT from 2 . 65 MT.
TSL said overall in the first quarter of 2020-21, production and sales volumes were lower as the outbreak of COVID-19 and ensuing mobility restrictions impacted industrial activity and consumer sentiment across all geographies.
. (TSL) on Thursday said its consolidated sales fell 22 . 8% to 5 . 28 million tonnes (MT) during the April-June quarter, from consolidated sales of 6 . 84 MT in the year-earlier period, as the COVID-19 pandemic disrupted operations.
Consolidated production during the quarter also fell 28.5% to 5 . 52 MT from 7 . 72 MT in the first quarter of 2019-20, TSL said in a regulatory filing.
In the just concluded quarter, TSL's India sales were at 2.92 MT, down from 3 . 96 MT in the year-earlier period, while the production volume fell to 2 . 99 MT from 4 . 5 MT . Sales in Europe fell to 1 . 94 MT, from 2 . 26 MT a year earlier, while output fell to 2 . 14 MT from 2 . 65 MT.
TSL said overall in the first quarter of 2020-21, production and sales volumes were lower as the outbreak of COVID-19 and ensuing mobility restrictions impacted industrial activity and consumer sentiment across all geographies.