News Companies Tata Steel 728 10 January 2025
The Dutch business increased steel output by 54% year-on-year during this period
Tata Steel increased steel production in India by 5% year-on-year – to 16.2 million tons in April-December 2024 (9 months of FY2024/2025). This is stated in the company’s report.
Steel supplies in the period increased by 5.9% y/y – to 15.3 million tons, while domestic supplies increased by 4%.
In the third quarter of fiscal year 2024/2025 (October-December), the company increased steel production in India by 8% quarter-on-quarter and by 6% year-on-year to 5.68 million tons. The growth in the period was supported by the commissioning of a 5 million tonne per annum blast furnace in Kalinganagar in September.
Tata Steel Netherlands increased steel production by 54.2% year-on-year – to 5.12 million tons in April-December last year. Supplies for 9 months of FY2024/2025 increased by 16% y/y – to 4.5 million tons, due to improved production.
Tata Steel UK’s results were heavily impacted by the closure of its Port Talbot steel production facility on September 30. In October-December, it fell to zero, and for 9 months of the 2024/2025 financial year it amounted to 1.07 million tons.
“Following the closure of blast furnaces at the end of the second quarter of the fiscal year, Tata Steel UK has successfully reconfigured its supply chain to continue to serve customers by further processing purchased raw materials,” the company said in a statement.
Tata Steel’s UK business recorded an almost fourfold increase in pre-tax losses in FY2023/2024 due to restructuring costs associated with the closure of blast furnaces and coke oven batteries in Port Talbot. These losses amounted to £1.12 billion in the period, compared to £279 million in the previous financial period.
